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Pepper launches limited edition five-year fixed rate BTL

Rob Barnard

Specialist lender Pepper Homeloans has launched a limited edition buy-to-let product at an interest rate of 2.98%.

The five-year fixed rate product is available for mortgages from £25,001 to £1m with a maximum LTV of 75%.

Completion fees are 1.75%, while ERCs range from 2-4%.

As an added incentive, Pepper has announced that free legals are available on all remortgages.

Rob Barnard, sales director of Pepper Homeloans, said: “Our research indicates that this product will typically appeal to investors who are seeking capital growth over a five-year period.

“The pay rate rental calculation also means landlords can borrow more, providing them with a significant benefit.

“With a rate of just 2.98%, a minimum loan size of £25,001 and free legals on remortgages, this is a very attractive package which landlords could see as an ideal opportunity to refinance their portfolio.”

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