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BM Solutions to bring back remortgages at 75 per cent LTV

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  • 27/04/2020
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BM Solutions to bring back remortgages at 75 per cent LTV
BM Solutions is reintroducing landlord remortgages at 75 per cent loan to value (LTV) from 29 April.

 

The buy-to-let lender had withdrawn products above 60 per cent LTV at the end of March in response to the coronavirus outbreak and UK lockdown.

But the lender is now bringing back buy-to-let and let-to-buy remortgages fixed at two and five years with £300 cashback, and assisted legal products removed.

At the same time, three-year buy-to-let and let-to-buy remortgage deals at 60 per cent LTV are being removed.

And assisted legal buy-to-let remortgage products are being withdrawn at two and five years.

Phil Rickards, head of BM Solutions (pictured), said: “We are committed to being there for our customers through these challenging times and we are regularly reviewing and adapting our product range to support the buy-to-let market.

“We’re working hard behind the scenes to ensure our existing customers have access to product transfers, and re-introducing products up to 75 per cent LTV for remortgages will help brokers to meet the needs of their customers.”

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