Pepper Money has added a new buy-to-let limited edition product to its range and cut the minimum income requirements for individual borrowers.

The new ‘Pepper 60’ mortgage is aimed at clients who have not had a CCJ, a secured missed payment or a default in the last 60 months. It is available at up to 75 per cent LTV and on a five-year fix has a rate of 3.18 per cent.

The minimum income changes now see individuals buying in their own name needing to earn at least £18,000 a year, down from £30,000.

Additional changes include the ‘Pepper 36’ and ‘Pepper 36 Light’ BTL mortgages now being available at up to 80 per cent and the addition of a five-year fix at 4.65 per cent in the ‘Pepper 24 Light’ range.

Pepper Money sales director Paul Adams says: “BTL is a big opportunity for advisers this year, with ongoing demand from investors purchasing new properties and a wave of potential remortgage business as thousands of five-year fixed rates come to an end.”