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Pepper Money ups max LTV on Pepper 60

Pepper Money has increased the maximum loan-to-value (LTV) on its Pepper 60 buy-to-let products as well as making a number of tweaks to its buy-to-let and residential offering.

The Pepper 60 range, now includes 75% and 80% LTV offerings, with a 5-year fixed rate starting 3.23%.

The lender has also made more than 50 rate reductions across its two and 5-year fixed rate residential mortgages.

The largest 2-year fixed rate cut is on Pepper 6, which has been reduced by 0.80% to 5.65%. The biggest rate cut on a 5-year fixed rate is on Pepper 12, which is reduced by 0.70% to 4.70%.

On the buy-to-let front Pepper has made more than 30 rate reductions across its two and 5-year fixed rate ranges. The largest being a 0.40% reduction to 4.15% on the 5-year fixed rate Pepper 24 product.

Paul Adams (pictured), sales director at Pepper Money, said: “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.”

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