Pepper Money has cut rates across its residential and buy-to-let mortgage ranges and launched a limited-edition remortgage range.

Residential rates now start at 5.38% up to 75% loan-to-value, while buy-to-let rates begin at 4.54% up to 70% loan-to-value.

The lender has reduced rates across its buy-to-let range for personal and limited company landlords. It has also cut residential two-year fixed rates up to 75% loan-to-value and revised selected five-year fixed products.

The new remortgage-only range is available across Pepper Money’s residential range on two-year fixed rates. It has no application fee, includes a free valuation across all product tiers and carries a £1,995 completion fee.

Pepper Money said the changes were intended to give brokers more options for borrowers facing affordability pressures, including customers with complex incomes, lower credit scores or recent credit problems.

Paul Adams (pictured), sales director at Pepper Money, said: “We know affordability remains a key challenge for many customers, and brokers need lenders who can offer flexibility when circumstances don’t fit the high street mould.

“That’s why we’re continuing to enhance our range with more competitive pricing and greater choice across both residential and buy-to-let.

“Following recent reductions to our two-year fixed rates, we’ve seen strong demand from brokers looking to support customers who need a more tailored approach.

“With UK Finance estimating that around 1.8 million fixed-rate mortgages will mature this year, we’re also launching our new Limited Edition remortgage range to help brokers support even more customers as they come to the end of their deal.

“Whether it’s a customer with a complex income, previous credit challenges or simply a need for greater flexibility, our focus remains the same: giving brokers more opportunities to help more people achieve their goals.”