Compare BM Solutions Mortgages
BM Solutions mortgages are only available through mortgage intermediaries and other professionals working on behalf of mortgage clients.
If you are interested in a BM Solutions mortgage you will need to apply though an independent financial advisor.
Buy to Let
If you are current landlord looking to expand your portfolio, or a homeowner keen to invest in a rental property, BM Solutions buy to let mortgages might be for you.
You can choose from a tracker mortgage, which is tied to the Bank of England Base Rate or a fixed mortgage, which offers fixed interest repayments for the first two years of your mortgage.
You must be over 25 to qualify for a BM Solutions buy to let mortgage and must already own at least one property, either another rental or your own home.
Let to buy
Sometimes it can be advantageous not to sell your old home when you move into a new one. This may be because you are struggling to sell or because you think it will be better financially to rent the old property out instead. Let to buy mortgages allows you to do this and BM Solutions offer 2 year fixed rate mortgages for exactly this purpose.
If you are an existing BM Solutions mortgage holder, you may be able to borrow more by using their Further Advance options. This allows you to take out a second charge mortgage on either a buy to let or let to buy basis and they are offered under similar terms to the equivalent first charge mortgages.
Loan to value ratio
How much you can borrow on a mortgage will largely depend on your income and your loan to value (LTV) ratio. This shows the total value of debt you wish to secure against the property (including existing loans) versus the market value of the property.
So, if you wanted to borrow £50,000 against a property worth £100,000, you would have an LTV of 50% because the loan is 50% of the value of the property.
If you subsequently wanted to borrow an extra £25,000, this would put your LTV up to 75%.
Generally speaking, most lenders will offer better interest rates on deals with a lower LTV as they will consider it less risky.
Find the best deals on mortgage rates
With such a diverse range of lenders and types of mortgage products on the market, knowing which offers you the best value can be hard.
Our mortgage calculator takes some of the hassle out of the equation, allowing you to see in a quick, straightforward way which deals are a good fit for you.
Simply plug in some basic details, including how much you need to borrow, how long for and what the mortgage is for and the calculator does the rest.
It will match your query with the most appropriate deals we have sourced from across the industry.
Independent Mortgage Advice
Remortgaging is particularly popular at the moment as interest rates are low.
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Whether it will be a good idea for you to remortgage depends on a number of factors, including your goals and your personal circumstances.
However, in general, if interest rates are lower than you are currently paying on your mortgage, it may be a good time to remortgage.
If interest rate are higher than you are currently paying, it may be better to look at other options, such as a second mortgage or a personal loan (if you aim is to borrow more).
If you are not sure whether now is the right time to remortgage, it is a good idea to speak to an independent mortgage broker who will be able to offer impartial advice on BM solutions mortgages as well as other lenders.