Network backs BM payrate move

The products are available at a range of rental income covers and the network has access to three products on a semi-exclusive basis:

• 5.25 per cent two-year flexible tracker, 125 per cent rental cover, £1499 arrangement fee, refund of valuation
• 5.55 per cent two-year tracker, 110 per cent rental cover, £1199 arrangement fee, refund of valuation
• 5.75 per cent two-year tracker, 100 per cent rental cover, £1199 arrangement fee, refund of valuation

Sally Laker, managing director at Mortgage Intelligence, said: "These products have taken our members by storm and we have seen a huge demand for the 5.25 per cent tracker, which has increased business levels with BM Solutions to an all time high. This is buy-to-let at its best."

Adrian Whittaker, key account manager at BM Solutions, commented: "These pay rate products really reflect the changing dynamics in buy-to-let. There's no 'one size fits all' approach in today's market, so it's great that these fantastic rates, backed by our five star service, have been so well received by Mortgage Intelligence members."