Buy to Let

BTL Products

Our products are named to make it easier for you to identify the right product for your clients' situation. You can see details of our wide range of products, including those aimed at marginal credit score fails below. Also don't forget, free legals on all remortgages - see the product guide for more information.

 

  • Rates from 2.73% on 2 Year Fixes and 3.18% on 5 Year Fixes
  • Applications from Portfolio Landlords accepted - find out more
  • No credit scoring to make decisions, or to determine product pricing
  • Application fee across all products is just £135
  • We've launched a range of Fresh Criteria - check it out here
  • For all new business from 2 October 2017, LIBOR = 0.80%. Set 14 September 2018

NEW! Zero Completion Fee Limited Edition 

Suitable for clients that haven't had a CCJ or Default in the last 48 or 36 months 

   2 Year Fixed: Zero Completion Fee Limited Edition
Pepper48 Zero Completion Fee Pepper36 Zero Completion Fee
LTV Initial Rate Rental Calculation
(140% x)
Reversion Rates
(Libor +)
Initial Rate Rental Calculation
(140% x)
Reversion Rates
(Libor +)
70% 3.18% 6.80% 4.00% 3.18% 7.50% 4.70%
75% 3.38% 7.05% 4.25% 3.38% 7.75% 4.95%
80% 3.68% 7.30% 4.50% 3.68% 8.00% 5.20%
ERC 3%, 2%
Comp Fee £0
 CCJs/Defaults 0 in 48 months 0 on 36 months
Mortgage/Secured Arrears 0 missed payments in 48 months (max arrears status of 0 in last 6 months)

0 missed payments in 36 months (max arrears status of 0 in last 6 months)

Unsecured Arrears

Fixed term - None in the last 6 months

Revolving credit - Missed payments considered 

Pepper48

Suitable for clients that haven't had a CCJ or Default in the last 48 months

  2 Year Fixed 5 Year Fixed Reversion Rates
(Libor +)
LTV Initial Rate Comp Fee Rental Calculation
(140% x)
Initial Rate Comp Fee Rental Calculation
(140% x)
60%   3.18% 2% 3.18% 4.00%
65% 2.73% 1% 6.80%   4.00%
70% 2.95% 6.80% 3.63% 2% 3.63% 4.00%
75% 3.08% 7.05% 3.73% 3.73% 4.25%
80% 3.43% 7.30% 3.93% 3.93% 4.50%
 ERC  3%, 2% 4%, 4%, 3%, 3%, 2% 
 CCJs/Defaults 0 in 48 months
Mortgage/Secured Arrears 0 missed payments in 48 months (max arrears status of 0 in last 6 months)
Unsecured Arrears

Fixed term - None in the last 6 months

Revolving credit - Missed payments considered

Pepper36

Suitable for clients that haven't had a CCJ or Default in the last 36 months

  2 Year Fixed 5 Year Fixed Reversion Rates
(Libor +)
LTV Initial Rate Comp Fee Rental Calculation
(140% x)
Initial Rate Comp Fee Rental Calculation
(140% x)
60%   3.28% 2% 3.28% 4.70%
65% 2.78% 1% 7.50%   4.70%
70% 2.98% 7.50% 3.77% 2% 3.77% 4.70%
75% 3.18% 7.75% 3.88% 3.88% 4.95%
80% 3.48% 8.00% 4.03% 4.03% 5.20%
 ERC  3%, 2% 4%, 4%, 3%, 3%, 2% 
CCJs/Defaults 0 in 36 months
Mortgage/Secured Arrears

0 missed payments in 36 months (max arrears status of 0 in last 6 months)

 Unsecured Arrears

Fixed term - None in the last 6 months

Revolving credit - Missed payments considered

Pepper24

Suitable for clients that haven't had a CCJ or Default in the last 24 months

  2 Year Fixed 5 Year Fixed Reversion Rates
(Libor +)
LTV Initial Rate Comp Fee Rental Calculation
(140% x)
Initial Rate Comp Fee Rental Calculation
(140% x)
70% 3.13% 1% 7.50% 3.93% 2% 3.93% 4.70%
75% 3.33% 7.75% 4.03% 4.03% 4.95%
80% 3.73% 8.00% 4.18% 4.18% 5.20%
 ERC  3%, 2% 4%, 4%, 3%, 3%, 2% 
CCJs/Defaults 0 in 24 months 
Mortgage/Secured Arrears

0 missed payments in 24 months (max arrears status of 0 in last 6 months) 

 Unsecured Arrears

Fixed term - None in the last 6 months

Revolving credit - Missed payments considered

We will ignore 2 individual defaults (per application) up to and including £150 each where these defaults relate to utilities, communications or mail order providers

Pepper18

Suitable for clients that haven't had a CCJ or Default in the last 18 months

  5 Year Fixed
LTV Initial Rate Comp Fee Rental Calculation
(140% x)
Reversion Rates
(Libor +)
70% 4.47% 2% 4.47% 4.95%
75% 4.67% 4.67% 5.20%
80% 5.37% 5.37% 5.45%
 ERC 4%, 4%, 3%, 3%, 2% 
CCJs/Defaults

0 in 18 months (max 3 in 36 months. Only 2 allowed in months 19 to 24)

Mortgage/Secured Arrears  2 missed payments in 36 months (max arrears status of 0 in last 6 months; no missed payments in last 18 months; 1 missed payment in months 19 to 24)
Unsecured Arrears

Fixed term - None in the last 6 months

Revolving credit - Missed payments considered

We will ignore 2 individual defaults (per application) up to and including £150 each where these defaults relate to utilities, communications or mail order providers

Pepper12

Suitable for clients that haven't had a CCJ or Default in the last 12 months

  5 Year Fixed
LTV Initial Rate Comp Fee Rental Calculation
(140% x)
Reversion Rates
(Libor +)
70% 5.38% 2% 5.38% 5.25%
75% 5.68% 5.68% 5.50%
 ERC 4%, 4%, 3%, 3%, 2% 
CCJs/Defaults

0 in 12 months (max 3 in 24 months. Only 2 allowed in months 13 to 18)

Mortgage/Secured Arrears

2 missed payments in 24 months (max arrears status of 0 in last 6 months; no missed payments in last 12 months; 1 missed payment in months 13 to 18) 

 Unsecured Arrears

Fixed term - None in the last 6 months

Revolving credit - Missed payments considered

We will ignore 2 individual defaults (per application) up to and including £150 each where these defaults relate to utilities, communications or mail order providers

Pepper6

Suitable for clients that haven't had a CCJ or Default in the last 6 months

  5 Year Fixed
LTV Initial Rate Comp Fee Rental Calculation
(140% x)
Reversion Rates
(Libor +)
70% 5.87% 2% 5.87% 5.75%
 ERC 4%, 4%, 3%, 3%, 2% 
CCJs/Defaults

0 in 6 months (max 4 in 24 months. Only 2 allowed in months 7 to 12 or 3 in months 13 to 18)

Mortgage/Secured Arrears

3 missed payments in 24 months (max arrears status of 0 in last 6 months; 0 missed payments in last 12 months; 2 missed payments in months 13 to 18) 

Unsecured Arrears

Fixed term - None in the last 6 months

Revolving credit - Missed payments considered

We will ignore 2 individual defaults (per application) up to and including £150 each where these defaults relate to utilities, communications or mail order providers

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