BM Solutions launches two buy-to-let deals

10 January 2011 | By Samuel Dale

One product is a two-year fixed rate at 4.65% with a 1.5% product fee and two years early repayment charges.

The other deal is a three-year fix at 5.65% with a 2% product fee and three years early repayment charges.

Both mortgages have fees up to £490 and £300 cashback.

But when using BM Solutions Conveyancing the deals improve with the two-year at 4.5% and £790 cashback and the three-year deal at 5.5% with £790 cashback.

ERCs and product fees remain the same.

Phil Rickards, head of sales at BM Solutions, says: “We’ve listened to brokers and have introduced some cracking new buy-to-let rates for the new year. They include incentives, such as refund of valuation, that brokers have told us they want, including some even better rates for those using the BM Conveyancing service.”

As part of its revamp BM also dropped five fixed rates and a tracker deal from Friday January 7 at 8pm.

These include two-year fixed rate buy-to-let deals at 4.35% and 4.8%, a three-year fix at 5.5%, a five-year-fix at 5.99% and a two-year tracker at 4.5%.

It is also dropping a house to house two-year fix at 5.09%.

BM also revealed that as a result of the VAT rise from 17.5% to 20% all fee scales and systems will be adjusted accordingly.

The change will affect all Level two Survey and Valuation Fees immediately.

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