BM Solutions cuts two, three and five year rates

Published on

BM Solutions has reduced rates across its two, three, and five year buy-to-let and let to buy fixed and tracker rate product ranges by up to 0.5 percentage points.

Key changes include:

Two-year fixed and tracker rate buy-to-let and let to buy products:

  • 0-75% LTV 2 year fixed rate buy-to-let and let to buy products have been reduced by 0.3 percentage points with rates from 3.44% (£1,495 fee).
  • 0-75% LTV 2 year tracker rate buy-to-let and let to buy products have been reduced by 0.3 percentage points with rates from 3.34% (£1,495 fee).

Three-year fixed rate buy-to-let products:

  • 0-60% LTV 3 year fixed rate buy-to-let products have been reduced by 0.1 percentage points with rates from 3.39% (£995 fee)*. Offer includes £250 Cashback.
  • 60%-75% LTV 3 year fixed rate buy-to-let products have been reduced by 0.2 percentage points with rates from 4.39% (£995 fee). Offer includes £250 Cashback.

Five-year fixed rate buy-to-let products:

  • 0-60% LTV 5 year fixed rate buy-to-let products have been reduced by 0.2 percentage points with rates from 3.59% (£1,495 fee)*. Offer includes £250 Cashback.
  • 60%-75% LTV 5 year fixed rate buy-to-let products have been reduced by 0.5 percentage points with rates from 4.24% (£1,495 fee). Offer includes £250 Cashback.

Phil Rickards, head of BM Solutions, said: “The buy-to-let and let-to-buy markets have had a strong first quarter and we have seen strong rental demand underpinned by steady house prices.

“This set of rate reductions provides further support to those landlords looking to switch their existing mortgage simply, quickly and cost-effectively.”

COMMENT ON MORTGAGE SOUP

We want to hear from you!
Leave a comment and get the conversation started.
You need to register to post, so please login or sign up below.

Latest articles

Mercantile Trust promotes Nina Kainth to head of sales

Mercantile Trust has promoted Nina Kainth to head of sales, bringing its business development...

Gatehouse exits BTR platform to fuel home finance growth

Gatehouse Financial Group has sold its build-to-rent platform to Apollo in a move designed...

Regulators set out framework for higher loan-to-income lending as cap is eased

The Prudential Regulation Authority and Financial Conduct Authority have published proposals setting out how...

Planning delays and tax burden undermine housing viability, says RSM UK

RSM UK has called on government to reassess planning reforms and tax policy after...

HLPartnership adds Jon Cooke as board adviser

HLPartnership has appointed estate agency executive Jon Cooke as a board adviser, in a...

Latest publication

Other news

Mercantile Trust promotes Nina Kainth to head of sales

Mercantile Trust has promoted Nina Kainth to head of sales, bringing its business development...

Gatehouse exits BTR platform to fuel home finance growth

Gatehouse Financial Group has sold its build-to-rent platform to Apollo in a move designed...

Regulators set out framework for higher loan-to-income lending as cap is eased

The Prudential Regulation Authority and Financial Conduct Authority have published proposals setting out how...