What is BM Solutions SVR?
If you are coming up to the end of your initial deal term, you will revert to BM Solutions SVR – Standard Variable Rate. BM Solutions current SVR is 4.44%. We can help switch you mortgage to a new product switch or product transfer rate often negating the need for often costly and lengthly remortgage options.
Is BM Solutions part of Lloyds Bank?
BM Solutions is a brand of Birmingham Midshires. Bank of Scotland is part of Lloyds Banking Group.
Is BM Solutions part of Halifax?
Birmingham Midshires offers a range of specialist mortgage and savings products. When Birmingham Midshires became part of the Halifax in April 1999, it had savings balances of £5.9 billion and mortgage assets of £9.2 billion.
Is BM Solutions the same as Birmingham Midshires?
The chances are if you are a professional landlord you will have at least one mortgage with BM Solutions (Birmingham Midshires) – but are you on the best rate? We may be able to help you reduce your monthly payments. BM Solutions offers an existing buy to let range via professional Intermediaries such Niche Advice.
How do I upload documents to BM Solutions?
Document Upload
- When submitting a Buy to Let or Let to Buy application using BM Solutions Online, click the Upload Documents tab within the Summary section of the application to upload documents.
- Applications must be fully submitted and all fees paid before the document upload service becomes visible.
Who owns BM mortgages?
Lloyds Banking Group
Birmingham Midshires is part of Bank of Scotland which is owned by Lloyds Banking Group. You can find out more about Lloyds Banking Group’s approach to ring-fencing on the Group’s website, www.lloydsbankinggroup.com/ringfencing.
Who is BM Solutions part of?
Who are BM Solutions? BM Solutions are the Buy to Let company of the Lloyds Banking Group, Birmingham Midshires started in 1986 by the merger of the Birmingham and Bridgwater and the Midshires Building Societies.
Does Birmingham Midshires still exist?
No. Both Birmingham Midshires and Lloyds Bank will continue to operate separately, with different phone numbers and online systems. You should continue to do business with each organisation just as you’ve always done.
Whats the difference between buy to let and let-to-buy?
With buy-to-let, you’re purchasing a property specifically to rent out, whereas with let-to-buy you’re buying a new property to live in yourself and renting out your current home.
What does BM solutions do for intermediaries?
BM Solutions is dedicated to supporting intermediaries with competitive products, forward-thinking technology and award-winning service.
Who are the BM solution mortgage advisers for?
BM Mortgage Advisers have a panel of dedicated BM Solution mortgage advisers. BM Solution Mortgages are Buy to Let mortgages and such such are solely for investment purposes -the are not for owner occupation. Application assessment is carried out under several key areas,
Can a BM mortgage be withdrawn at any time?
BM Solutions provide a vast range of mortgage products that will suit many of your clients needs. All our products are SUBJECT TO AVAILABILITY and can be withdrawn at any time. A product is only available for further borrowing if it states this in the features box.
Can a landlord apply for a BM solution mortgage?
BM Solution mortgages can potentially accept applications from portfolio landlords subject to assessment. It is important to note that there are limits to the maximum loan available to customers, both individually on properties and across multiple property owners. BM solutions mortgages can consider application that are from ‘non’ homeowners.