These best buy fixed rates are launched after the latest increase to the Bank of England Base Rate (BBR), when many buy-to-let borrowers are looking for competitive fixed rates to insulate themselves from further rate rises.
BM Solutions has launched:
* 5.85% fixed product for either 2 or 5 years at 85% loan-to-value (LTV)
* 5.65% fixed product for either 2 or 5 years at 75% LTV
All products carry a £599 arrangement fee and brokers are advised to snap-up these fixed rate deals whilst stocks last. These products are also portable, which means that borrowers can move the product between properties, whilst retaining the great rate. According to John Bianco, senior product manager, BM Solutions, these latest deals confirm BM Solutions' position as the leading buy-to-let player in the market:
"These extremely competitive fixed rate products have come onto the market at just the right time for mortgage intermediaries. They provide long-term stability for buy-to-let customers in a rising interest rate environment.
"Not only have we got very competitive rates across the board but also a comprehensive menu of feature options. Our product range features switching options and pay-rate calculations on lifetime tracker rates. And the portability of our products, means that BM Solutions has further secured its position as the top buy-to-let player in the market," concluded Bianco.
BM Solutions was recently named as the biggest buy-to-let lender for gross advances by the CML. BM Solutions launched its online service, BM Solutions Online (bmsolutions.co.uk) in January 2003. Now 90% of BM Solutions' business is submitted online. Brokers can now secure a virtual offer in less than one minute. The time it takes to submit a case has been reduced by the many features on offer - product matching, intelligent application forms and case tracking to name but a few.
