Here is the latest update from Pepper Money. You can access Pepper Money products through our direct to lender mortgage club and get the benefits of payment on completion. You can also use our Fees Free Mortgage Packager.
We’re back with Buy to Let
We’re delighted to announce that we’re back in the Buy to Let market. We listened to the many requests for a return and through our inclusive criteria and award-winning service, we can, once again, support customers and landlords who fall just off the high street.
You’ll receive the same leading service you’ve come to love from us on your Buy to Let applications.
A lot has changed since we were last here in 2022. Here’s all you need to know:
- Properties with EPC ratings of A-E accepted. A-C: up to 80% LTV, D: up to 75% LTV, and E: up to 70% LTV
- Maximum of 10 properties in the portfolio
- Limited Company Buy to Let: Rent calculated at 125% of pay rate on 5-year fixed products
- Personal Buy to Let: 125% of payrate on 5-year fixed for standard rate taxpayers, 140% for higher rate and 165% for additional rate taxpayers
- Bank statements or business bank statements are not required. We’ll focus on the income receivable from the property as assessed by a RICS surveyor
- No proof of income required
- No minimum income
e’ll be adding even more to our Buy to Let proposition soon, so keep your eyes peeled over the coming weeks