Pepper reintroduces let-to-buy option

Pepper Money has reintroduced the ability for customers to use its mortgages for let-to-buy transactions.


This means that Pepper Money’s buy-to-let mortgages can be used by customers who want to let out their home rather than sell it when they move, while using the lender’s residential range to fund an onward purchase.

Residential mortgages are available up to 85% LTV, with fixed rates starting at 3.25%.

Buy-to-let mortgages are available up to 80% LTV, with rates on its core range starting at 3.20%.

The specialist lender has also recently launched a limited edition Pepper 60 product, suitable for customers who have not had a CCJ or Default in the last 60 months, with a 5-year fixed rate at 3.18% available up to 75% LTV.

Paul Adams, sales director at Pepper Money, said: “At Pepper Money, we believe it’s important to give people access to the financial products they need to achieve their goals.

“Increasingly, customers would rather remortgage their home to let it out rather than sell the property, and Let to Buy provides the flexibility to do just that.

“We can fund the mortgage on the property that is being let out, or the onward purchase, or both.

“We don’t use credit scores to make our lending decisions, and are consistently able to deliver up-to-date service levels on every application.”

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