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BM Solutions dampens expectations of limited company market entry

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  • 25/04/2018
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BM Solutions dampens expectations of limited company market entry
BM Solutions has confirmed it has no immediate plans to enter the limited company buy-to-let (BTL) market but has not ruled out an expansion in the longer term.

Speaking at Mortgage Solutions’ Buy To Let Market Forum at Cardiff yesterday, BM Solutions head Phil Rickards acknowledged that the limited company market was a topical and growing area.

However, he continued: “It’s worth pointing out it is very popular on purchase business which is now a much smaller part of the BTL market.

“That doesn’t mean we will never come into limited company, but we’ve set our stall out as doing good quality, traditional buy-to-let business in an efficient matter.

“So it’s the normal, rental assessed business that we are focusing on for the time being, but never say never,” he added.

The lender, which is one of the largest in the buy-to-let sector, does accept portfolio landlords but does not yet have a limited company proposition in place.

As a result, its potential entry into the sector has been keenly watched.

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