The HBOS subsidiary is marketing a fixed-rate non-conforming product at 6.75 per cent until June 2007 and a non-conforming tracker at 6.45 per cent for two years.
Its non-conforming self-cert deals are priced at 6.95 per cent until June 2007, with the tracker priced at 6.65 per cent for two years. All the deals have a £549 arrangement fee.
BM’s new self-cert products range includes a two-year tracker priced at 5.59 per cent to fixed rates which are priced at 5.79 per cent. There is also a 85 per cent LTV 5.99 per cent base rate tracker.
Colin Barrett, head of products, BM Solutions said: “Non-conforming is one area of the market that has evolved considerably over the past three years and brokers should be looking to maximise the potential and provide an excellent service for clients.”
Thomas Reeh, CEO of the Black & White Group, commented: “These products are competively priced and now in line with Mortgages plc.
“Unfortunately BM Solutions let themselves down with tardy turn-around times – from our experience, it is one of the slowest lenders on our 23 member panel.
“We have an in-house underwriter from Mortgages plc and a dedicated team at Money Partners Limited. That counts more than rate for our sales team and our customers as everyone wants their money yesterday.”
