Buy to Let

BTL Products

We've renamed our products to make it easier for you to identify the right product for your clients' situation, but we've still got the same competitive rates. 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 3.13% on 2 Year Fixes and 3.48% on 5 Year Fixes
  • No credit scoring to make decisions, or to determine product pricing
  • Applications from Portfolio Landlords accepted - find out more
  • Application fee across all products is just £135
  • For all pipeline business submitted up to and including 1 October 2017, LIBOR = 0.3015%. Set 14 September 2017
  • For all new business from 2 October 2017, LIBOR = 0.31%

Pepper24 Limited Edition (Also available on Pepper48 and Pepper36)

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

  5 Year Fixed
LTV Initial Rate Comp Fee Rental Calculation
(140% x)
Reversion Rates
(Libor +)
75% 3.49% 1% 3.49% 4.95%
 ERC 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)

Pepper48

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

  2 Year Fixed 5 Year Fixed
LTV Initial Rate Comp Fee Rental Calculation
(140% x)
Reversion Rates
(Libor +)
Initial Rate Comp Fee Rental Calculation
(140% x)
Reversion Rates
(Libor +)
70% 3.13% 2% 5.50% 3.13% 3.48% 2% 3.48% 4.00%
75% 3.33% 3.68% 3.68% 4.25%
80% 3.73% 5.73% 4.28% 4.28% 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)

Pepper36

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

  2 Year Fixed 5 Year Fixed
LTV Initial Rate Comp Fee Rental Calculation
(140% x)
Reversion Rates
(Libor +)
Initial Rate Comp Fee Rental Calculation
(140% x)
Reversion Rates
(Libor +)
70% 3.38% 2% 5.50% 3.13% 3.98% 2% 3.98% 4.70%
75% 3.58% 5.58% 4.08% 4.08% 4.95%
80% 3.83% 5.83% 4.38% 4.38% 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)

Pepper24

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

  2 Year Fixed 5 Year Fixed
LTV Initial Rate Comp Fee Rental Calculation
(140% x)
Reversion Rates
(Libor +)
Initial Rate Comp Fee Rental Calculation
(140% x)
Reversion Rates
(Libor +)
70% 3.63% 2% 5.63% 3.13% 4.13% 2% 4.13% 4.70%
75% 3.83% 5.83% 4.33% 4.33% 4.95%
80% 4.08% 6.08% 4.78% 4.78% 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) 

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% 4.78% 2% 4.78% 4.95%
75% 4.98% 4.98% 5.20%
80% 5.88% 5.88% 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 payments in months 19 to 24)

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 payments in months 13 to 18) 

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% 5.98% 2% 5.98% 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) 

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