Pepper Money has increased the maximum LTV on its ‘Pepper 60’ buy-to-let product to 80% LTV.

The rate at this highest LTV is set at 4.33% for a five-year fix and has a loan size available of £25,001 to £750,000.

At 75% LTV, the maximum loan size for the Pepper 60 increases to £1m and comes with a rate of 3.23%, also for a five-year fix.

Pepper has also cut rates in its BTL range. This includes a change within the ‘Pepper 48’ suite, where the 65% LTV two-year fix has seen a reduction of 35 basis points to bring the rate to 3.25%.

Alongside this, the lender has made a series of rate cuts across its residential offerings, with the most significant being the ‘Pepper 6’ 70% LTV two-year fix, which has been reduced by 80 basis points to 5.65%.

Meanwhile, the ‘Pepper 12’ 75% LTV five-year fix has been cut by 70 basis points to 4.70%.

Pepper Money sales director Paul Adams says: “We have responded to broker feedback to increase the maximum LTV on our Pepper 60 product and made a number of rate reductions across our residential and BTL ranges.

“We have also made other changes to simplify our proposition and make it more accessible to even more customers.”