Pepper Homeloans has launched a new limited edition buy-to-let five-year fixed rate mortgage at 2.98% up to 75% loan-to-value (LTV).

The product comes with a completion fee of 1.75% and is available to customers with no CCJs or missed payments in the past three years and no arrears in the past six months.

Rob Barnard, sales director of Pepper Homeloans, said: “Our research indicates that this product will typically appeal to investors who are seeking capital growth over a five-year period.

“The pay rate rental calculation also means landlords can borrow more, providing them with a significant benefit.

“With a rate of just 2.98%, a minimum loan size of £25,001 and free legals on remortgages, this is a very attractive package which landlords could see as an ideal opportunity to refinance their portfolio.”