Birmingham Midshires (BM Solutions)
About Birmingham Midshires and BM Solutions
Birmingham Midshires has been part of the Lloyds Banking Group since the finanical services giant acquired its parent company, HBOS, in 2009.
The lender specialised in buy-to-let mortgages but stopped offering new products to new customers in June 2021. Lloyds, however, has since launched the BM Solutions brand in its place to handle all of its buy-to-let mortgage business.
BM Solutions has become known for offering all kinds of buy-to-let mortgages on an intermediary-only basis, which means you can only apply for their products through a mortgage broker. Their product range includes:
- Buy-to-let mortgages
- Let-to-buy arrangements
- Product transfers
- Further advances for existing customers
- Green buy-to-let mortgages
Teito can help you access BM Solutions' products. Our advisors have deep working relationships with this lender and might be able to arrange an exclusive deal for you - get started here to compare their rates and deals, and access expert broker advice.
What mortgage products do BM Solutions offer?
BM Solutions' buy-to-let mortgage product line features a wide range of fixed-rate deals with introductory periods ranging between two and five years. The lender is also offering let-to-buy deals with the same product type and introductory rates periods.
In addition to this, BM Solutions offers product transfers and further advances for existing customers, all done through mortgage brokers. They also offer exclusive deals for portfolio landlords and will allow top slicing for customers who fit the criteria.
What mortgage rates are available?
At the time of writing (April 2024), interest rates on BM Solutions' buy-to-let mortgages are typically between 4.5% and 5.5%, but all mortgage interest rates are subject to change and could shift at any time at the lender's disgresion. Their standard variable rate is currently 9.59%.
You can compare BM Soutions mortgage rates with their competitors from across the market for free below: