Pepper Money has cut rates on its buy-to-let (BTL) mortgages and widened criteria for houses in multiple occupation (HMOs).
The lender will now consider HMOs with an energy performance certificate (EPC) rating of D or E, not just A to C.
2-year fixed rates have been reduced by up to 0.25%, while 5-year fixed rates are down by up to 0.15%.
The new lowest 2-year and 5-year fixed rates are now at 4.44% up to 70% loan-to-value (LTV), with a 7% completion fee.
Paul Adams, sales director at Pepper Money, said: “These latest enhancements demonstrate our ongoing commitment to supporting landlords in a challenging market.
“By reducing rates across key Buy to Let products and broadening our HMO criteria, we’re responding directly to broker feedback and the needs of landlords who are navigating higher costs and evolving regulation.”
“We remain focused on delivering specialist lending products that prioritise real-world affordability and speed, while continuing to build out our Buy to Let proposition.”
Adams added: “This is another step in strengthening our offering for brokers and their landlord customers, with further enhancements planned.”
