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BM Solutions launches Let to Buy range; Accord refreshes range – round up

by: Mortgage Solutions
  • 04/11/2013
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BM Solutions launches Let to Buy range; Accord refreshes range – round up
BM Solutions has launched a bespoke Let to Buy product range for remortgagors keen to let a property to finance the next main residence.

Available up to 75% LTV, the range of both two and three year fixed and tracker mortgages will be available up to a maximum loan to value of 75%, with rates starting at 3.19%.

Phil Rickards, head of BM Solutions said: “Let to Buy is a growing sector and one that provides flexibility for a growing number of borrowers. It has become more popular in recent years as a stepping stone into the buy to let market.”

Meanwhile, Accord has reduced rates on its five year fixed rate buy-to-let deals for house purchase and remortgage.

The lender is offering a five-year fixed rate mortgage at 3.79% with a 2.5% completion fee and free valuation or a five year fixed rate mortgage at 4.24% with a £1,800 completion fee, free valuation and £250 cash back. It is also offering a five-year fixed rate mortgage at 4.49% with no completion fee and £500 cash back.

“Fixed rate mortgages remain popular and many borrowers choose five-year deals for the stability they provide in longer-term financial planning,” said Chris Maggs, national account manager for Accord Buy to Let.

“These deals are extremely competitive and could enable borrowers to make significant savings, compared to other five year fixed rate deals currently on the market,” he said.

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