BM Solutions adds ERC-free tracker mortgages for BTL and LTB

Img

BM Solutions has launched two-year tracker products with no early repayment charges (ERCs) and 1% product fee.

The new products include a BTL purchase two-year with a 1% fee up to 65% loan-to-value (LTV) with a rate of 4.45% and a minimum loan of £25k and a maximum of £2m, as well as a BTL purchase two-year with a 1% fee up to 75% LTV with a rate of 4.65% and a minimum loan of £25k and a maximum loan of £1m.

In addition, BM Solutions has added a BTL remortgage two-year with a 1% fee up to 65% LTV at 4.45% with a minimum loan of £25k and a maximum loan of £2m, as well as BTL remortgage two-year with a 1% fee up to 75% LTV at 4.65% with a minimum loan of £25k and a maximum loan of £1m.

The lender’s personal ownership BTL and let to but current two-year tracker products with early repayment charges and £1,499 product fee have been withdrawn. Current product transfer and further advance products with a £1,499 fee have been replaced with products with no fee.

BM Solutions head Leigh Church says: “We’re really pleased to be launching these new tracker mortgages to the BTL and LTB markets. They enhance our intermediary-specific product range and demonstrate our continued support for landlords.”


More From Life Style