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PMPA launches tracker from BM Solutions

BM Solutions has launched a tracker product through the Professional Mortgage Packagers Alliance.

The product is available for self-cert to 90% LTV to a maximum loan of 350,00, 80% LTV to 500,00 and 75% LTV to 1m.

The product tracks the Bank of England Base rate plus 0.89% for two years before converting to Base rate plus 1.99% for the life of the loan.

The BM Solutions two-year tracker is available to brokers that deal online direct with the lender, and is not available on its core range.

Brokers must submit applications through a PMPA member list, displayed on the BM Solutions screen.

Helen Hymos, lender relationship manager at PMPA, says: We are delighted to be able to offer this competitive exclusive product via BM Solutions for those intermediaries that like to deal directly with the lender.

“It shows that PMPA can provide distribution to its lender partners via different channels.

Iain Williamson, head of key accounts at BM Solutions, adds: “This is an excellent deal for PMPA members.

“We look forward to offering the product with our five star service.”

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