Pepper Money cuts buy-to-let rates by 0.50%

Pepper Money has announced rate reductions of 0.50% across its buy-to-let range at 70%, 75% and 80% LTV, covering both Pepper 48 and Pepper 36 products, including HMOs.

The changes apply across two and five-year fixed terms, with the lowest rate now 3.94% on the Pepper 48 Light five-year fixed product at 70% LTV.

Across Pepper 48 Light and Pepper 36 Light, rates have reduced by 0.50% at 70%, 75% and 80% LTV, spanning both two and five-year fixed options.

The same 0.50% reductions apply to HMO products within both Pepper 48 Light and Pepper 36 Light at 70% and 75% LTV, ensuring landlords with more complex property types benefit from equivalent pricing improvements.

All single dwelling buy-to-let remortgages come with £350 cashback as standard, helping to offset costs at completion. Free valuations remain available on selected products for properties up to £500,000.

Paul Adams, sales director at Pepper Money, commented: “We’re seeing continued momentum in the remortgage space, and landlords are actively reviewing their funding as fixed rates mature. By reducing rates by 0.50% across our 70%, 75% and 80% LTV tiers, including HMOs, we’re strengthening our buy-to-let proposition at a crucial time for brokers and local landlords who are a crucial part of the rental market.

“Competitive pricing is only part of the picture. When combined with cashback on remortgages, free valuations on qualifying properties and our flexible underwriting approach, we’re giving advisers the confidence to support a wide range of landlord scenarios.”