BM Solutions cuts rates again
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BM Solutions is cutting rates on its buy-to-let products for the second time this month.
The lender is reducing all products by 0.20%, following reductions of up to 0.30% on selected products on February 8.
As part of its refreshed product range, BM Solutions is also launching some new fixed rate products at 75% LTV with two product fee options at £995 and 0.50%.
The lender says that in response to broker feedback, it is now offering four different fee options in the two-year fixed market at 75% LTV.
New products include a two-year fix at 5.49% with a 0.50%, available up to 75% LTV and exclusively to those taking out BM Conveyancing.
And reductions include its five-year fix at 5.04%, which has been reduced down from 5.24%. The deal comes with a 3% product fee and is available up to 75% LTV.
Phil Rickards, head of sales at BM Solutions, says: “This is our second round of price reductions in as many weeks. By launching some new deals and reducing all rates in the current range, we’re really shaking up competition in the buy-to-let market.”
Brokers must submit applications by 8pm this evening to access current rates.
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