Refreshed products in the range include two-year 60% loan-to-value (LTV) deals reduced by 0.15% now at 1.99%; two-year 75% LTV large loan products now at 2.14%; and two year 75% mortgages cut by 0.10% and now starting from 2.34%.
Phil Rickards (pictured), head of BM Solutions, said: “These new rates and extended end dates help continue highlighting our commitment to supporting the intermediary market.
“Following the recent launch of our online calculator to help brokers navigate the tax changes and our multi award-winning service, we continue to support brokers at every stage of the mortgage process.”
Last year the buy-to-let arm of Lloyds Banking Group revealed its plans for the Prudential Regulation Authority’s underwriting standards, which were phased in from 1 January. BM Solutions opted for a tailored approach to affordability assessments, adopting the minimum rental coverage ratio of 125% for basic rate tax payers, while assessing higher and top rate customers on an individual basis.
