Pepper Money launches BTL calculator

The calculator provides brokers with accurate calculations of how much their clients can borrow, whether they are applying in their own name or as a limited company.

Last week, Pepper launched a range of two- and five-year fixed rate buy-to-let mortgages for limited companies with a rental calculation of 125 per cent at the pay rate on five-year fixed rates. It uses the higher of the initial rate plus two per cent or 5.50 per cent on two-year fixed rates.

The lender also cut rates across its buy-to-let range and launched an option for free valuations on purchases and remortgages.

Paul Adams (pictured), sales director at Pepper Money, said: “The private rental sector has established itself as a significant contributor to the UK housing stock so there will continue to be opportunities for landlords to make good investments in buy to let.”