The status range includes a near-prime two-year fixed rate at 5.69 per cent and 90 per cent LTV. In addition, there is a near-prime three-year tracker at 5.89 per cent and 90 per cent LTV with free valuation and £500 cashback.
The self-cert range includes a near-prime two-year fix at 5.89 per cent and 85 per cent LTV and a near-prime three-year tracker at 5.99 per cent and 85 per cent LTV with free valuation and £500 cashback.
Martin Reynolds, head of sales at BM Solutions, said: “I know brokers will welcome these as tools to secure non-conforming cases, providing clients with the best opportunity to repay funding and ultimately mend their credit rating.”
“Combining these rates with our renowned levels of service and support means brokers can be sure of offering their clients the best possible solution,” he added.
Scott Richford, product marketing at Mortgage Talk, said: “The products are at very good rates in comparison to its main competitors. The free valuation and £500 cashback offered will be useful towards covering some of the legal costs of a purchase or remortgage and will make it a formidable range, especially when combined with the streamlined service offered by BM Solutions’ processing team.”
Jeff Knight, head of marketing services at GMAC-RFC, said: “I would applaud these rates as they are very good. Lenders such as GMAC and BM Solutions are really making life easier for intermediaries and their clients through competitive products, service and of course an online delivery that removes the complexities of non-conforming.”
