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BM Solutions offers cashback on two-year fixes

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  • 31/03/2017
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BM Solutions offers cashback on two-year fixes
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.

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