Pepper Money has reduced buy-to-let (BTL) rates by up to 40 basis points as part of the lender’s development and improvement of its proposition.

The new rates apply across Pepper Money’s BTL range, which is available to individuals as well as limited companies; from first-time landlords to portfolio investors.

The biggest reduction is on the Pepper48 product up to 70% LTV, which is now 3.30%.

In addition to these rate reductions, Pepper Money has also introduced a new flat fee option and have announced some criteria improvements.

Paul Adams, sales director at Pepper Money, said: “Our reduced buy-to-let rates are the latest example of Pepper Money improving its proposition and will benefit a range of our landlord customers. We have competitive options available from those looking to purchase their first BTL, to those with more established portfolios, and offer products in both individual and limited company names.

“Buy-to-let landlords can also benefit from our recent criteria changes, and our new flat fee structure makes the range even more straightforward. Altogether, we have been working hard to make placing buy-to-let cases better with Pepper.”

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