If you’re a UK landlord or property investor exploring limited company buy-to-let options, you may be wondering: What documents are needed for a limited company BM Solutions mortgage? As we move into 2025, lenders like BM Solutions (part of Birmingham Midshires) continue to play a key role in supporting limited company landlords with competitive mortgage products. Whether you’re expanding your portfolio or refinancing, having the right paperwork in place is essential. This guide answers common questions to help you prepare with confidence.
What documents are needed for a limited company BM Solutions mortgage?
To apply for a limited company mortgage with BM Solutions, you’ll need to provide a clear set of documents that verify your company’s structure, financial stability, and the individuals involved. Typically, the following documents are required:
- Limited company accounts (usually the last 2 years)
- SA302s and tax year overviews for all directors/shareholders
- Proof of identity and address for all directors and shareholders
- Memorandum and Articles of Association
- Certificate of Incorporation
- Business bank statements (usually the last 3 months)
- Tenancy agreements for existing rental properties
BM Solutions may also request a personal guarantee from directors, meaning your personal finances could be assessed as part of the application. It’s wise to work with a mortgage broker familiar with Birmingham Midshires mortgage criteria to ensure all documents are correctly prepared.
Can I apply for a BM Solutions mortgage through a limited company?
Yes, BM Solutions accepts applications from limited companies, specifically Special Purpose Vehicles (SPVs) set up for property investment. The company must be registered in the UK and typically fall under accepted SIC codes such as 68100 (buying and selling of own real estate) or 68209 (other letting and operating of own or leased real estate).
BM Solutions does not lend to trading companies or those with non-property-related activities. All directors and shareholders with a 25% or greater stake will need to be named on the application and may be required to provide personal guarantees. If you’re considering a Birmingham Midshires remortgage via a limited company, it’s important to ensure your company structure aligns with lender requirements.
Do all directors need to be on the mortgage application?
BM Solutions typically requires all directors and shareholders with a 25% or more shareholding to be named on the mortgage application. This is to ensure full transparency and accountability, especially when personal guarantees are involved.
Each individual will need to provide personal documentation, such as proof of ID, address, and income. If your company has multiple shareholders, it’s essential to clarify ownership percentages early in the process. A broker experienced in BM Solutions product transfer and limited company lending can help you navigate these requirements smoothly.
What type of limited companies does BM Solutions accept?
BM Solutions accepts Special Purpose Vehicles (SPVs) that are specifically set up for property letting and investment. These companies must be registered with Companies House and have appropriate SIC codes that reflect property-related activities.
Trading companies or those with mixed business activities are not eligible. If your company has recently changed its SIC code or structure, you may need to provide evidence of this to BM Solutions. It’s also worth noting that BM Solutions does not currently accept LLPs (Limited Liability Partnerships) or overseas companies.
Will I need a personal guarantee for a limited company mortgage?
Yes, BM Solutions requires personal guarantees from all directors and major shareholders (typically those with 25% or more ownership). This means that if the company cannot repay the mortgage, the individuals may be personally liable.
This is a standard requirement across many buy-to-let lenders offering limited company mortgages. It allows BM Solutions to assess the personal financial stability of those behind the company. As such, directors will often need to provide personal income evidence, such as SA302s or payslips, depending on their employment status.
How long does it take to process a limited company BM Solutions mortgage?
The timeline for a limited company mortgage application with BM Solutions can vary, but most cases complete within 4–6 weeks, provided all documentation is submitted promptly. Delays often occur when documents are missing or incomplete, so preparation is key.
Working with a broker who understands the specific requirements of a Birmingham Midshires mortgage can help streamline the process. They can pre-check your documents, liaise with underwriters, and keep your application on track for a smooth completion in 2025.
Can I do a product transfer with BM Solutions if my mortgage is in a limited company name?
Yes, BM Solutions offers product transfers for limited company mortgages, provided your current mortgage is already with them and in the company’s name. A BM Solutions product transfer allows you to switch to a new rate without changing lender, avoiding legal fees and valuation costs in many cases.
To be eligible, your account must be up to date with no arrears, and the new product must be selected before your current rate expires. A broker can help you explore the best available rates and ensure your limited company remains compliant with BM Solutions’ criteria.
Understanding what documents are needed for a limited company BM Solutions mortgage is the first step to securing the right finance for your property investment goals. Whether you’re applying for a new mortgage or considering a Birmingham Midshires remortgage, being well-prepared can save time and stress. Explore our full range of guides to learn more about BM Solutions and how to make the most of your buy-to-let portfolio in 2025 and beyond.
