It includes a refund of valuation (up to £475) and a free remortgage service.
The buy-to-let range also includes a 5.95 per cent fix until 1 November 2009 then BBR plus 1.95 per cent for life at 75 per cent LTV.
Matt Grayson, public relations manager for Birmingham Midshires said: “Because the loans are within our generic range, the product is available to more people. In the past similar products have been semi-exclusive, available through only two or three of our key intermediaries, however this range has flexibility and availability.”
“It is one of the most comprehensive buy-to-let ranges that we have ever launched. We believe in the long-term sustainability of the buy-to-let market,” he added.
Rod Murdison, proprietor of Murdison & Browning, said: “BM Solutions are generally a good lender with good products. The fact that it is offering a valuation refund and a free remortgage service gives it the thumbs up from me.”
Tim Sturley, product development manager at Mortgage Express, agreed that the trackers were a popular product in the buy-to-let market and the BM range was keenly priced but warned: “Professional investors will struggle to get full benefit due to the ten property limitation that BM Solutions have in place.”
