Pepper Money has increased the maximum LTV on its buy-to-let (BTL) offering.
The maximum BTL LTV on the specialist lender’s Pepper 60 offering now includes 75% and 80% LTV, with a five-year fixed rate starting 3.23%.
The specialist lender has also expanded its 85% residential LTV offering which is now available to customers who have had adverse credit registered over 24 months ago with the release of their Pepper 24 offering.
Pepper Money also confirmed that it has simplified valuation fees across its range and refined the number of tiers available on BTL, to make its proposition easier to understand for brokers.
“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,” commented Pepper Money sales director, Paul Adams.
“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 BTL ranges. We have also made other changes to simplify our proposition and make it more accessible to even more customers.”
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