Mortgage lender launches cut-rate deals

With interest rates at a record low level, competition among mortgage providers, somewhat unsurprisingly, continues to hot up, with lenders shaving percentage points off their mortgage rates

With interest rates at a record low level, competition among mortgage providers, somewhat unsurprisingly, continues to hot up, with lenders shaving percentage points off their buy-to-let mortgage rates in an effort to entice buy-to-let landlords acquiring new properties through their doors.

Pepper Homeloans has become the latest lender to improve its buy-to-let offering by expanding its product range and slashing rates by up to 0.5%.

The specialist lender has strengthened its range of buy-to-let mortgage products by launching a two-year limited deal with rates starting from 3.38% across its near prime range, while its five-year fixed rates now start from 4.18%.

Rob Barnard, sales director of Pepper Homeloans, said: “We are delighted to be making these enhancements to our buy-to-let range. Brokers can easily submit a decision in principle online and will be assured of a fast response.”

Pepper announced enhancements to its residential mortgage range earlier this month, which included lower rates and new 30-month, three and five-year fixes.


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