BM Solutions raises rates on B2L deals
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BM Solutions is increasing rates on a number of its buy-to-let products tomorrow by as much as 0.25%.
Products affected include the lender’s two-year tracker at 60% LTV and its one and two-year deals at 75% LTV.
For instance, its two-year fix at 75% LTV has gone up from 4.50% to 4.75%, with an unchanged fee of 2.5%. And its two-year fix at 75% LTV has increased from 5.14% to 5.39% with an unchanged fee of 1.25%.
A spokeswoman for BM Solutions says: “We are reviewing these products in line with the rest of the market, and in response to an increase in the cost of funding. The rest of the range is not affected.”
The changes follow similar moves by other large lenders such as Barclays.
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