BM Solutions is offering £500 cashback on selected two-year fixed buy-to-let products and cutting rates on a pair of five-year fixes.
The cashback offer is available from 3 April for house purchases only and applications must be made by 28 May. Applications eligible for cashback will be paid through conveyancers on completion.
The two-year fixed rates available are for house purchase only and include £500 cashback with a £495 fee, at:
- Up to 60% loan to value (LTV), rate of 2.09%;
- Up to 75% LTV, rate of 2.49%.
The five-year fixed rate products are being cut by 0.3% and 0.2% respectively.
They are available with a product fee of £1,995 at:
- Up to 60% LTV, rate of 2.39%;
- Up to 75% LTV, rate of 2.89.
Head of BM Solutions Phil Rickards (pictured) said part of the firm’s wider plans were to support brokers in writing quality business as the buy-to-let landscape continued to evolve.
Earlier this week, Rickards spoke to Mortgage Solutions about calls for BM to enter the limited company market.
