When it comes to managing your mortgage in 2025, understanding your options with a Birmingham Midshires mortgage can make a big difference—especially for landlords and homeowners looking to secure better rates or avoid unnecessary fees. One of the most straightforward ways to do this is through a 1.1 product transfer. If you’re a UK borrower, landlord, or broker, here’s what you need to know about this option and how it could benefit your property finance strategy.
What is a Birmingham Midshires product transfer?
A Birmingham Midshires (BM Solutions) product transfer allows existing mortgage customers to switch to a new deal with the lender without changing provider. The “1.1” refers to a specific product code or version offered by BM Solutions, typically used internally or by brokers to identify a particular rate or deal. Product transfers are often quicker and more cost-effective than remortgaging, as they usually don’t require legal work or property valuations. This makes them a popular choice for landlords and homeowners looking to secure a new fixed rate or tracker deal without the hassle of a full remortgage. If your current deal is ending, a BM Solutions product transfer might help you avoid moving onto a higher standard variable rate.
Who is eligible for a 1.1 product transfer with Birmingham Midshires?
Eligibility for a 1.1 product transfer typically includes existing Birmingham Midshires mortgage customers whose current deal is nearing its end or who are already on the lender’s standard variable rate. You must be up to date with your payments and have a minimum remaining mortgage term—usually at least six months. The property must still meet BM Solutions’ lending criteria, and the mortgage balance must fall within their acceptable limits. Landlords with buy-to-let properties can also qualify, making it a flexible option for portfolio investors. If you’re unsure whether you meet the criteria, it’s worth speaking to a broker or checking directly with BM Solutions to confirm your eligibility. A Birmingham Midshires remortgage may be an alternative if you’re looking to borrow more or change ownership details.
What are the benefits of doing a product transfer instead of remortgaging?
One of the main advantages of a product transfer is the simplicity. Unlike a full remortgage, a product transfer doesn’t involve legal work, property valuations or credit checks, which can save time and money. This is especially beneficial for landlords managing multiple properties. Additionally, you avoid early repayment charges if you’re switching at the end of your current deal. BM Solutions product transfers also tend to offer competitive rates, particularly for loyal customers. If your circumstances haven’t changed significantly and you’re not looking to release equity or change the mortgage structure, a product transfer can be a smart, low-hassle way to secure a better rate in 2025.
Can I switch to a new fixed rate with a 1.1 product transfer?
Yes, one of the key reasons borrowers opt for a 1.1 product transfer is to secure a new fixed rate deal. Birmingham Midshires typically offers a range of fixed and tracker rate options to existing customers through their product transfer programme. Fixed rates provide the certainty of stable monthly payments, which can be particularly valuable in a fluctuating interest rate environment. If your current fixed rate is ending in 2025, switching to a new fixed rate through a product transfer can help you maintain control over your finances without the need for a full remortgage. Your broker can help you compare available BM Solutions rates and choose the one that best fits your goals.
How long does a BM Solutions product transfer take?
Product transfers with Birmingham Midshires are generally quick and efficient. Once you’ve selected your new deal, the switch can often be completed within 2–4 weeks. There’s no need for a solicitor or valuation, which significantly reduces the processing time compared to a remortgage. BM Solutions typically allows you to secure a new rate up to three months before your current deal ends, giving you time to plan ahead. If you’re working with a broker, they can handle the paperwork and ensure the process runs smoothly. This streamlined approach makes product transfers a popular choice for landlords and homeowners looking to avoid delays and keep their mortgage arrangements simple.
Do I need a broker to complete a 1.1 product transfer?
While it’s possible to complete a product transfer directly with Birmingham Midshires, many borrowers choose to work with a mortgage broker—particularly when dealing with BM Solutions, which is an intermediary-only lender. A broker can access the latest product codes, like the 1.1, and guide you through the process to ensure you’re getting the most suitable deal. They can also help you compare your product transfer options with other lenders in case a remortgage might offer better value. For landlords with multiple properties, a broker can coordinate transfers across your portfolio, saving you time and effort. Using a broker also ensures you stay compliant with lending criteria and avoid any pitfalls.
Is a 1.1 product transfer available for buy-to-let mortgages?
Yes, BM Solutions specialises in buy-to-let lending, and the 1.1 product transfer is available for landlords with existing Birmingham Midshires buy-to-let mortgages. Whether you own a single rental property or a larger portfolio, a product transfer allows you to switch to a new rate without the complexity of a remortgage. This is particularly useful for landlords looking to manage cash flow and reduce costs in 2025. BM Solutions offers a range of fixed and tracker rates tailored to the buy-to-let market. If your current deal is ending, it’s worth reviewing your options early to avoid defaulting to a higher standard variable rate. Speak to your broker to explore the best product transfer options for your rental properties.
In summary, a 1.1 product transfer with Birmingham Midshires is a smart, efficient way for UK landlords and homeowners to secure a new mortgage deal without the hassle of remortgaging. Whether you’re managing a buy-to-let portfolio or simply looking for a better rate, BM Solutions offers flexible options to suit your needs. To learn more about your options, browse our in-depth guides on Birmingham Midshires mortgage solutions, BM Solutions product transfer options, and Birmingham Midshires remortgage advice.
