Pepper Money launches five-year fixed BTL range from 5.7%

Editor's note: This brief was summarised by The Property AI Newsroom from a report by Mortgage Solutions. Read the original article for full details.

Pepper Money launches five-year fixed BTL range from 5.7%

Pepper Money has launched a range of five-year fixed buy-to-let (BTL) products, with rates starting from 5.7%. The products carry a 2% product fee and are available to both individual and limited company landlords.

The lender said the range gives brokers and landlords additional longer-term options, letting advisers offer more choice to customers seeking payment certainty over a five-year fixed term.

Specialist lending focus

Pepper Money said its BTL proposition is designed to support landlords whose circumstances may fall outside standard lending criteria, including those with complex income profiles, smaller property portfolios or cases that require specialist underwriting.

The launch comes as the BTL market continues to adapt to higher borrowing costs, regulatory changes and changing landlord strategies.

What it means for advisers

Paul Adams, director of sales at Pepper Money, said landlords continue to face a complex market and brokers need lenders that can provide competitive options, practical criteria and certainty for their customers. He noted that the new five-year range with a 2% product fee gives advisers more choice when supporting landlords looking for longer-term stability.

Adams added that the launch is another step in strengthening the lender's buy-to-let proposition and supporting advisers with a broader range of solutions for customers who may not fit a standard lending approach.

For letting agents and inventory clerks, the arrival of longer-term fixed-rate options may be relevant when advising landlords weighing up portfolio decisions in a market shaped by higher borrowing costs and regulatory change.