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BM Solutions adds products and lowers select rates

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  • 04/09/2023
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BM Solutions adds products and lowers select rates
BM Solutions has introduced £1,499 buy-to-let remortgage products and lowered select rates by up to 0.71 per cent.

The changes will come into force from tomorrow and applications for existing products should be made before 8pm on 4 September.

The new products include two and five-year fixed rates at 65 and 75 per cent loan to value (LTV) respectively.

This includes a two-year fixed rate at 65 per cent LTV priced at 6.08 per cent, either coming with £300 cashback and free level one valuation fee or free level one valuation fee and free conveyancing.

Its two-year fixed rate at 75 per cent LTV is priced at 6.58 per cent and also comes with cashback and valuation fee or a valuation fee and free conveyancing options.

Its five-year fixed rate at 65 per cent LTV is 5.46 per cent and 5.96 per cent at 75 per cent LTV, with various cashback and valuation options.

The loan size varies from £25,001 and £1m.

The lender has cut select remortgage fixed rates, including its two-year fixed rate at 65 per cent LTV which has decreased by 0.71 per cent to 6.51 per cent and its five-year fixed rate at the same LTV tier going down by 0.4 per cent to 5.71 per cent.

Its no-fee five-year fixed house purchase product at 65 per cent LTV has decreased by 0.31 per cent to 5.8 per cent and its five-year deal with a £3,999 fee has fallen by 0.31 per cent to 5.18 per cent.

Its five-year fixed rate remortgage at 65 per cent LTV with a £3,999 fee has decreased by 0.31 per cent to 5.18 per cent.

Leigh Church (pictured), head of BM Solutions, said: “In a challenging market, we continue to support the buy-to-let sector wherever we can.  These new products and lower rates will offer greater choice for brokers and some welcome relief to landlords”.

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