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BM Solutions adds like-for-like remortgage option

  • 26/01/2022
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BM Solutions adds like-for-like remortgage option
BM Solutions has introduced a stress rate calculation to allow landlord borrowers to remortgage with no additional borrowing where the loan to value (LTV) is 60 per cent or less.


This is the first time the buy-to-let lending arm of Lloyds Banking Group has made like-for-like remortgages available. 

It has also updated its rental cover ratio calculation to accommodate this. 

The lender recently finalised changes to its online mortgage portal which allows brokers to upload documents, trackers and message the lender. It also introduced an application programming interface (API) which uses Rightmove data to provide property valuations to the platform.

Phil Rickards (pictured), head of BM Solutions, said: “With the successful move to our new mortgage platform complete, we have been able to shift our focus and fill an important gap in our product range.” 

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