Pepper Money has returned to the buy-to-let market with a range of new home loans.  

The specialist lender will allow limited companies and individual landlords with up to 10 properties in their portfolio to take out a mortgage, with rates starting from 4.99% up to a maximum of £4m in total borrowing. 

It has also improved its maximum loan size, which is now available at up to £2m at 65% LTV, or below. A minimum income is not required. 

The firm’s landlord mortgages offer a loan to value of up to 80% for properties with a current energy performance certificate rating between A to C, 75% LTV for those with a D rating, and 70% LTV where the rating is E.    

It adds that personal bank statements, business bank statements and proof of income are not required. 

“Instead, the focus is on income receivable from the property as assessed by an independent Rics surveyor, rather than what the tenant is currently paying,” the lender says. 

The business says that aligning its new landlord range with “the more practical affordability rules available on five-year fixed-rate loans” will provide landlords, “especially those impacted by higher tax rates, with a clearer path to borrowing”.

The lender will accept multiple sources of funds to pay for deposits, including gifts, directors’ loans and existing equity for limited company purchases and there is no requirement to provide a credit score.  

Its loan terms range up to 35 years and lending is available up to age 85. 

Pepper Money sales director Paul Adams says: “We’re re-entering the BTL market with a new product offering designed to maximise choice and convenience for residential landlords in the UK. 

“We know the market is tough for landlords right now, with an increasingly complex regulatory environment to navigate and rising affordability challenges.  

“With no requirement for a minimum income, bank statements, or credit scores, our new BTL offering is designed to support landlords to raise capital for a range of purposes, including consolidating debts to reduce monthly outgoings, or bringing their property’s energy performance certificate rating up to a minimum of C ahead of the government’s planned 2030 deadline.”