Pepper Money has increased the maximum LTV on its Pepper 60 buy-to-let range.
The specialist lender has expanded its 85% residential LTV, which is now available to customers who have had adverse credit registered over 24 months ago with the release of its Pepper 24 offering.
In addition, the maximum buy-to-let LTV on Pepper 60, now includes 75% and 80% LTV, with a five-year fixed rate starting 3.23%.
There are also more than 50 rate reductions across Pepper Money’s two and five-year fixed rate residential mortgages. The largest two-year fixed rate cut is on Pepper 6, which has been reduced by 0.80 percentage points to 5.65%. The biggest rate cut on a five-year fixed rate is on Pepper 12, which has been reduced by 0.70 percentage points to 4.70%.
In buy-to-let, Pepper Money has made more than 30 rate reductions across its two and five-year fixed rate mortgages. The most significant five-year fixed rate cut is on the Pepper 24, which has been reduced by 0.40 percentage points to 4.15% and the largest two-year fixed rate reduction is on Pepper 48, which has been reduced by 0.35 percentage points to 3.25%.
Pepper Money has also simplified valuation fees across its range and refined the number of tiers available on buy-to-let, making the proposition easier to understand and more accessible to more brokers.
Paul Adams (pictured), sales director at Pepper Money, said: “At Pepper Money, we are always looking for ways we can enhance our proposition to make it easier for brokers to find a home for their specialist mortgage cases.
“This product launch is an excellent demonstration of just that. We have responded to broker feedback to increase the maximum LTV on our Pepper 60 product and made a number of rate reductions across our residential and buy-to-let ranges. We have also made other changes to simplify our proposition and make it more accessible to even more customers.”