As a UK landlord or property investor, you may be wondering: Can landlords switch with BM Solutions product transfers? The good news is, yes — landlords with existing BM Solutions (Birmingham Midshires) buy-to-let mortgages can often switch to a new deal through a product transfer. This option can help you avoid standard variable rates (SVRs) and secure more competitive terms without the hassle of a full remortgage. In this guide, we’ll answer common questions about BM Solutions product transfers to help you make an informed decision in 2025 and beyond.
What is a Birmingham Midshires product transfer?
A Birmingham Midshires product transfer is when an existing mortgage customer switches to a new deal with the same lender — in this case, BM Solutions — without changing the mortgage provider. It’s a streamlined alternative to a full Birmingham Midshires remortgage. Product transfers are typically offered to borrowers approaching the end of their current fixed or tracker deal, helping them avoid reverting to the lender’s standard variable rate (SVR). For landlords, this is a convenient way to keep costs down and maintain cash flow. The process is usually quicker, with no legal work or property valuation required. It’s worth checking your eligibility and available rates around three to four months before your current deal ends.
Can landlords apply for a BM Solutions product transfer?
Yes, landlords with an existing Birmingham Midshires mortgage can apply for a product transfer through BM Solutions. This is particularly useful for buy-to-let borrowers who want to avoid the higher costs and complexity of switching lenders. BM Solutions, which operates under the Lloyds Banking Group, offers a range of fixed-rate and tracker products specifically for landlords. To qualify, your mortgage must be up to date with no arrears, and you typically need to be within three months of your current deal ending. BM Solutions doesn’t deal directly with borrowers, so you’ll need to go through a mortgage broker or intermediary to complete the switch.
When is the best time to do a BM Solutions product transfer?
The ideal time to start a BM Solutions product transfer is around three to four months before your current mortgage deal ends. This gives you enough time to review your options, lock in a new rate, and avoid rolling onto BM Solutions’ standard variable rate. In 2025, with interest rates still fluctuating, acting early can help you secure a more favourable deal. Your broker can access the latest BM Solutions product transfer rates and help you choose the most suitable option for your portfolio. If your mortgage is already on the SVR, you can still switch, but you may be missing out on potential savings in the meantime.
Do landlords need a solicitor for a BM Solutions product transfer?
No, one of the key benefits of a BM Solutions product transfer is that it requires no legal work or solicitor involvement. Because you’re staying with the same lender, there’s no need for property valuations, legal fees, or conveyancing. This makes the process much quicker and more cost-effective than a full remortgage. Most transfers can be completed within a few days to a couple of weeks, depending on your broker’s efficiency and the lender’s processing times. This simplicity is especially attractive for landlords managing multiple properties or looking to reduce admin time.
Can I switch to a better rate with BM Solutions if I have multiple buy-to-let properties?
Yes, landlords with multiple buy-to-let properties can often switch to better rates through BM Solutions product transfers on each eligible mortgage. Each property is assessed individually, so you can transfer one or more mortgages depending on your portfolio strategy. BM Solutions offers competitive rates for portfolio landlords, and working with an experienced broker can ensure you maximise your savings across all your properties. If your fixed deals are ending at different times, you can stagger your transfers accordingly. In 2025, many landlords are reviewing their portfolios to improve profitability, and product transfers are a smart way to do this without incurring unnecessary costs.
Are there fees involved in a BM Solutions product transfer?
BM Solutions product transfers may come with product fees, depending on the deal you choose. Some products have no fees, while others may include arrangement fees that can be added to the loan or paid upfront. However, you won’t need to pay for legal work or valuations, which significantly reduces the overall cost compared to a full Birmingham Midshires remortgage. Your broker will help you compare fee-free and fee-based options, taking into account your loan size and long-term goals. Always review the total cost over the term, not just the interest rate, to ensure you’re choosing the most cost-effective product.
How do I start a BM Solutions product transfer?
To begin a BM Solutions product transfer, you’ll need to contact a mortgage broker who has access to BM Solutions’ intermediary platform. BM Solutions does not deal directly with borrowers, so your broker will guide you through the process, check your eligibility, and present the available rates. They’ll also handle the paperwork and submit the application on your behalf. Most brokers will start the process around three months before your current deal ends, but you can ask for a product switch at any time if you’re on the SVR. In 2025, acting early can help you lock in a better rate and avoid any payment shocks.
In summary, landlords can absolutely switch with BM Solutions product transfers, making it a convenient and cost-effective way to manage your buy-to-let mortgage. Whether you’re planning ahead for 2025 or already on the SVR, it’s worth exploring your options. For more insights, visit our full guide on BM Solutions product transfer options or learn more about your Birmingham Midshires mortgage. We’re here to help you make the most of your property investments.