If you’re a UK landlord or homeowner with a mortgage through BM Solutions, you may be wondering: how long does a BM Solutions product transfer take? As we move into 2025, many borrowers are looking for efficient ways to secure a better rate without the hassle of a full remortgage. Product transfers with BM Solutions — the intermediary-only arm of Birmingham Midshires — can offer a streamlined solution. In this guide, we’ll answer the most common questions about the BM Solutions product transfer process and how long it typically takes, helping you make confident, informed decisions.
What is a Birmingham Midshires product transfer?
A Birmingham Midshires product transfer is the process of switching your existing mortgage deal to a new rate with the same lender — BM Solutions — without changing lenders or undergoing a full remortgage. This is often a popular choice for landlords and homeowners who want to avoid legal fees, property valuations, or credit checks. Instead of going through a full Birmingham Midshires remortgage, a product transfer allows you to stay with BM Solutions and simply move to a new fixed or tracker rate once your current deal ends. It’s a straightforward way to avoid slipping onto the lender’s standard variable rate (SVR), which is typically higher.
How long does a BM Solutions product transfer take?
In most cases, a BM Solutions product transfer takes around 5 to 10 working days from submission to completion. However, the exact timeline can vary depending on when the new rate is scheduled to start. If you’re arranging the transfer in advance, the switch will usually take effect on the day your current deal ends. BM Solutions allows product transfers to be secured up to three months before the end of your existing rate. Once your broker submits the application, the process is typically automated and does not require underwriting, making it much quicker than a traditional remortgage. For landlords with multiple properties, this efficient process is a major benefit.
Can I do a BM Solutions product transfer myself?
No — BM Solutions is an intermediary-only lender, which means you cannot apply for a product transfer directly as a borrower. You’ll need to go through a qualified mortgage broker who is registered with BM Solutions. This approach ensures that borrowers receive professional advice tailored to their circumstances. A broker can help you compare available rates, lock in a deal early, and ensure the transfer is submitted correctly. If you’re unsure where to start, working with a specialist in Birmingham Midshires mortgage products can save you time and potentially money.
When should I start the BM Solutions product transfer process?
It’s recommended to begin the product transfer process around 3 months before your current mortgage deal ends. BM Solutions allows brokers to secure a new rate up to 90 days in advance. Starting early gives you time to review your options, avoid the standard variable rate, and ensure a seamless transition. If you leave it too late, you might miss out on favourable rates or experience a short gap where you’re charged the SVR. Landlords with multiple properties should especially plan ahead to manage cash flow and avoid unnecessary costs.
Are there any fees involved in a BM Solutions product transfer?
BM Solutions product transfers typically do not involve legal or valuation fees, which is one reason they’re so popular among landlords and homeowners. However, some of the new mortgage products available may include a product fee — often around £995 — which can usually be added to the loan. Your broker will help you weigh up whether a deal with a fee offers better long-term value than a fee-free option. Always factor in the total cost over the fixed period, not just the interest rate, when comparing options.
Can I change the mortgage term or borrow more during a product transfer?
No — a standard BM Solutions product transfer does not allow you to change the mortgage term or increase the loan amount. It is simply a switch to a new rate on your existing mortgage balance and term. If you need to borrow more or adjust the term, you may need to explore a full Birmingham Midshires remortgage or a further advance through BM Solutions, depending on your circumstances. Your broker can advise on the best route based on your financial goals and property portfolio.
Is a BM Solutions product transfer suitable for buy-to-let properties?
Yes — BM Solutions specialises in buy-to-let mortgages and their product transfer process is well-suited to landlords. Whether you own a single rental property or a portfolio, a BM Solutions product transfer can help you secure a competitive rate without the administrative burden of a full remortgage. The process is designed to be quick, with minimal paperwork and no need for a new valuation or legal work. If you already have a Birmingham Midshires mortgage, this is often the easiest way to manage your buy-to-let finance in 2025.
In summary, a BM Solutions product transfer is a fast, cost-effective way for UK landlords and homeowners to secure a new mortgage rate with minimal hassle. With most transfers completing in under two weeks, it’s a smart move for those looking to avoid the SVR and keep their mortgage on track. To learn more about Birmingham Midshires mortgage options, explore our expert guides on BM Solutions product transfer and remortgage solutions tailored for 2025.
