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TODAY'S OTHER NEWS

BM Solutions to pay £500 cashback on two-year fixed rate mortgage deals

Buy-to-let investors taking out a mortgage with BM Solutions are currently entitled to £500 cashback on selected two-year fixed buy-to-let products.

Landlords wishing to take advantage of this offer must complete their applications by 28 May 2017, with the cashback paid through conveyancers on completion.

The lender has also added two new two-year buy-to-let mortgage options at 75% and 60% LTV, with rates starting from 2.09%, subject to a £495 fee but the £500 cashback will apply.

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BM Solutions has also introduced new five-year let-to-buy products at up to 60% LTV, with rates starting at 2.39%, while products at up to 75% LTV start at 2.89%. Both options have a £1,995 fee.

Phil Rickards, head of BM Solutions, commented: “Helping brokers add value for customers is not only fundamental to our ongoing investment in the buy-to-let market, but part of our wider phased plans to support brokers in writing quality business as the landscape continues to evolve.”

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