Pepper Money has reduced rates across its Pepper48 residential range and introduced free valuations on selected buy-to-let products.
The specialist lender has cut rates by up to 0.35% across its Pepper48 residential products, including a number of limited edition options, while also removing valuation fees on Pepper48 and Pepper36 buy-to-let flat-fee products.
The changes are aimed at supporting brokers working with borrowers who fall outside mainstream criteria, with Pepper Money focusing on pricing and product design that reflects more complex income and affordability profiles.
The lender said the latest adjustments are intended to improve overall proposition strength by combining competitive pricing with speed of decision-making.
RESIDENTIAL RATE REDUCTIONS
The residential changes span two-year, three-year and five-year fixed-rate products, with the largest reductions applied at higher loan-to-value tiers. Cuts of up to 0.35% have been made at 85% LTV across parts of the Pepper48 range.
Several limited edition products have also been repriced. The Pepper48 five-year 75% LTV limited edition, with a minimum loan size of £350,000, now starts from 4.79%. A separate five-year Pepper48 limited edition at 75% LTV has been reduced to 5.04%.
Elsewhere, rate reductions have been applied across the Pepper48 Light range at 75%, 80% and 85% LTVs, covering both two-year and five-year fixed options.
FREE VALUATIONS FOR LANDLORDS
Pepper Money has also introduced free valuations across its Pepper48 and Pepper36 buy-to-let flat-fee products. The change applies to both individual and limited company borrowers, reducing upfront costs at application.
The lender said the move is designed to support brokers sourcing value-focused options for landlord clients, particularly against a backdrop of ongoing regulatory change and cost pressures within the private rented sector.
Paul Adams (pictured), sales director at Pepper Money, said: “We’ve started 2026 how we intend to continue the year – making proactive decisions to support brokers. We understand the challenges they face when supporting customers who don’t neatly fit high-street criteria.
“By reducing pricing across our Pepper48 range and removing valuation costs on buy-to-let products, an area of particular focus for us in 2026, we’re making it easier for advisers to place more cases with confidence.
“We remain committed to growing the specialist market with meaningful enhancements, and these announcements are just the latest step. As always, we’re listening to broker feedback, and we look forward to sharing further improvements throughout 2026.”
