A new limited edition buy-to-let product with no completion fee for those who have not had a CCJ or default in the last 48 months has been launched by Pepper Money.
The new buy-to-let product is available on two-year fixed rates from 3.18% up to 80% loan-to-value (LTV).
Pepper Money’s usual completion fee on this type of buy-to-let product would be 1%.
Rob Barnard, sales director at Pepper Money, which has also introduced fee-free residential loans, commented: “We are always looking for ways to deliver competitive solutions to interesting cases and this limited edition is the latest example of us identifying an opportunity for brokers to provide their clients with a better deal.
“We think it will prove particularly popular on buy-to-let, where the standard completion fee would ordinarily be 1% of the balance.
“The launch of our zero completion fee limited edition comes hot on the heels of a number of improvements we have made to our DMP range and we will continue to review and refine our proposition to ensure we become brokers’ go-to choice for specialist lending.”