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Pepper Money launches BTL calculator

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  • 27/01/2020
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Pepper Money launches BTL calculator
Specialist lender Pepper Money has developed an online buy-to-let affordability calculator following the launch of its limited company range.

 

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.”

 

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