You are here: Home - News -

BM Solutions offers free remortgage valuations

  • 01/06/2017
  • 0
BM Solutions offers free remortgage valuations
BM Solutions is offering free valuations on remortgages as it launches a new range of products.

The offer, which covers valuations up to £1,500, is designed to help landlords reduce the upfront costs of remortgaging. The deal reflects the market’s current emphasis on remortgaging.

The new range includes:

  • Two year 60% LTV from 1.69%
  • Two year 75% LTV from 2.04%
  • Five year 60% LTV from 2.24%
  • Five year 75% LTV from 2.79%

Phil Rickards (pictured), head of BM Solutions, said: “As part of our ongoing commitment to the market and as we enter this new era, we have reintroduced free valuations to help drive down the upfront cost of remortgaging for customers.

“It’s quite clear that the market has moved in favour of remortgages and through extending the choice available at competitive rates and covering the cost of valuations, brokers can continue to write good quality business and meet the needs of their customers.”

Earlier this year, BM Solutions launched a range of five-year fixed products with a stress rate of 5.25% applied to new and remortgage applications.

The lender also uses a rental income calculator to support brokers through the tax changes by helping them obtain a rental coverage ratio (RCR) relative to higher and top rate taxpayers’ individual circumstances, while keeping RCR at 125% for basic rate taxpayers.

There are 0 Comment(s)

You may also be interested in


Keep up-to-date with all the breaking bridging and short-term lending news and analysis, from regulatory changes to product innovation and inside market knowledge. Take a look at our broker and lender case studies showing short-term finance in practice.


Find all the news, opinion and analysis for property finance brokers specialising in commercial and semi-commercial mortgages, alternative and development finance for commercial investments in residential projects.

Second charge

Stay up-to-date with the latest news, analysis and opinion on the secured loan market as it evolves into a mainstream finance option following European regulation on 21 March 2016.

Complex buy-to-let

Whether it’s a complicated asset or a complex customer, you’ll find out all the breaking buy-to-let news in this section. From limited companies to portfolio landlords, student lets to a House in Multiple Occupation, we’ve got all bases covered with our up-to-the-minute news, analysis and opinion.

Mortgage Solutions

Find all the breaking news, analysis and industry comment on Specialist Lending Solutions' sister site, Mortgage Solutions

Read previous post:
Technology and digital graphic image
Tesco, Vida and TSB top table for online broker mortgage experience – research

A comprehensive study of intermediary user experience across some of the key UK mortgage lenders handed top marks - or...