A statement from the lender said the reductions were part of business as usual and affected both the buy-to-let and “House 2 House” product ranges. The changes are intended to bring BM Solutions’ rates in line with the rest of the market.
David Whittaker, managing director at Mortgages for Business, said: “The autumn squeeze is on and as lenders seek to fulfil their annual business plans, this manifests itself in rate cuts which can only be good news for landlords.”
