If you’re a UK landlord or homeowner with an existing mortgage, you may be considering your options as your current deal comes to an end. A Birmingham Midshires product transfer could offer a straightforward way to secure a new rate without the need for a full remortgage. With 2025 fast approaching, many borrowers are reviewing their mortgage terms to stay ahead of rising interest rates. Whether you’re managing a buy-to-let portfolio or simply looking to save on your residential mortgage, understanding your options with Birmingham Midshires can help you make the right financial decision.
What is a Birmingham Midshires product transfer?
A Birmingham Midshires product transfer is when you switch to a new mortgage deal with the same lender—Birmingham Midshires—without changing your property or borrowing more money. This option is available to existing customers whose current fixed or tracker rate is ending. A product transfer is typically quicker and easier than a full remortgage, with no legal work or property valuation required in most cases. It’s an efficient way to secure a better rate and avoid moving onto the lender’s higher standard variable rate (SVR). If you’re a landlord, this can help preserve rental yield and cash flow. Learn more about your options on our Birmingham Midshires mortgage guide.
Who is eligible for a BM Solutions product transfer?
To qualify for a BM Solutions product transfer, you must be an existing Birmingham Midshires customer with a mortgage that is either on or approaching the end of its current deal. Typically, you can apply for a transfer up to six months before your current rate expires. The mortgage must be up to date with no arrears, and the property should still meet the lender’s criteria. For buy-to-let mortgages, the rental income must continue to support the loan. BM Solutions, the intermediary-only arm of Birmingham Midshires, offers exclusive rates through brokers, so it’s wise to speak with a mortgage adviser to access the best deals available for 2025.
What are the benefits of a Birmingham Midshires product transfer?
There are several benefits to choosing a Birmingham Midshires product transfer. First, the process is fast and straightforward—often completed within a few days. There’s usually no need for a solicitor, valuation, or affordability checks, which makes it ideal for landlords with complex income or multiple properties. You can secure a new fixed or tracker rate and avoid the higher SVR, helping you manage monthly payments more effectively. Additionally, there are no exit fees or early repayment charges when switching at the end of your deal. For landlords, this can be a cost-effective way to keep your portfolio performing well. Explore more options on our Birmingham Midshires remortgage page.
Can I change the mortgage term or borrow more during a product transfer?
In most cases, a standard Birmingham Midshires product transfer does not allow changes to the mortgage term or additional borrowing. It’s a like-for-like switch to a new rate on your existing mortgage balance and term. However, if you need to adjust your mortgage—for example, to extend the term or release equity—you may need to consider a full Birmingham Midshires remortgage instead. This would involve a full application, including affordability checks and a property valuation. Speak to a mortgage broker to assess whether a simple product transfer or a remortgage better suits your needs in 2025.
How do I apply for a BM Solutions product transfer?
BM Solutions product transfers are available exclusively through mortgage brokers, as Birmingham Midshires does not deal directly with the public. To begin the process, contact a qualified mortgage adviser who can access the latest BM Solutions rates and help you choose the most suitable product. Your broker will check your eligibility, confirm your current mortgage details, and submit the application on your behalf. Once approved, the new rate will take effect on the agreed date—usually when your current deal ends. The process is fully digital and streamlined, making it ideal for busy landlords and homeowners alike.
Are BM Solutions product transfer rates competitive in 2025?
Yes, BM Solutions continues to offer highly competitive product transfer rates in 2025, especially for buy-to-let customers. As an intermediary-only lender, BM Solutions often provides exclusive deals that are not available on the high street. These rates can be particularly attractive for landlords looking to maintain profitability amid changing market conditions. With interest rates still fluctuating, securing a fixed-rate product transfer may offer valuable peace of mind. A mortgage broker can help you compare current BM Solutions rates and determine whether a product transfer is the most cost-effective option for your situation.
What happens if I don’t do a product transfer?
If you don’t arrange a product transfer or remortgage before your current deal ends, your mortgage will automatically revert to Birmingham Midshires’ standard variable rate (SVR). This rate is typically much higher than fixed or tracker deals, which can significantly increase your monthly repayments. For landlords, this could reduce rental income margins and affect overall cash flow. To avoid this, it’s important to review your mortgage options well in advance—ideally six months before your deal expires. A BM Solutions product transfer offers a simple way to secure a better rate and avoid unnecessary costs.
Whether you’re a seasoned landlord or a homeowner nearing the end of your current deal, a Birmingham Midshires product transfer could be the right move for 2025. With expert broker support and a range of competitive rates available, it’s worth exploring your options today. Browse our full range of guides to learn more about Birmingham Midshires mortgage solutions and how to make the most of your property finance.
