Pepper Money has launched a buy-to-let affordability calculator.

The new calculator will provide brokers with calculations of how much their clients are able to borrow, according to firm.

The calculator can be applied to both individual borrowers and limited companies.

Last week, the lender launched a range of limited company BTL mortgages and made a number of amendments to products across its ranges.

Pepper Money sales director Paul Adams says: “The private rental sector has established itself as a significant contributor to the UK housing stock and so there will continue to be opportunities for landlords to make good investments in BTL.

“Pepper Money’s new BTL affordability calculator will help make the process easier for brokers to find the right deal for their clients and our limited company BTL range will offer new options for the growing number of landlords who choose to hold their investment in an SPV.

“The new year is just a few weeks old and we have already made a number of improvements to our products and proposition at Pepper Money. This is a signal of our intent for 2020 as we will continue to increase our lending, work with more brokers, and help more customers achieve their objectives.”