Pepper Money has brought out two new limited edition mortgages – a residential offering and a buy-to-let mortgage featuring the lender’s lowest ever rate in this category.

The BTL mortgage is in the Pepper 60 range and is available at up to 75% LTV on a five-year fix with a rate of 3.13%. It charges a 2% completion fee is and is open to individual landlords or limited companies.

And the lender’s new residential product is within the Pepper 48 Light range – a 65% LTV five-year fix at 3.23%, charging a completion fee of £995.

Pepper Money sales director Paul Adams says: “We regularly review our products and pricing and have identified an opportunity to create these new limited edition low-rate products for residential and BTL customers.

“We know these will prove popular and will closely monitor volumes and communicate with brokers to ensure they’re not left disappointed.”

Late last week, Pepper Money launched its new website, featuring upgraded service level reporting functionality.