## BM Solutions Buy-to-Let Mortgage Guide: 2025 Edition
If you’re considering investing in rental property, a BM Solutions buy-to-let mortgage could be the right solution. As part of Birmingham Midshires, BM Solutions is one of the UK’s most recognised lenders for buy-to-let mortgages, offering competitive rates, a streamlined application process, and tailored lending criteria for landlords. Whether you’re a first-time landlord or expanding your portfolio, understanding how BM Solutions works can help you make informed decisions.
In this comprehensive guide, we’ll explore everything you need to know about BM Solutions buy-to-let mortgages in 2025. From eligibility and application steps to interest rates and common FAQs, this article is designed to be your go-to resource. With a strong reputation in the UK mortgage market and a focus on intermediary-only lending, Birmingham Midshires continues to be a trusted name for landlords nationwide.
## Overview: Who Are BM Solutions and Birmingham Midshires?
BM Solutions is the intermediary-only brand of Birmingham Midshires, which itself is a division of Lloyds Banking Group. Established to serve the needs of mortgage brokers and their clients, BM Solutions has become a key player in the UK’s buy-to-let mortgage market.
### History and Background
Birmingham Midshires has a long-standing history dating back to the 1980s. Originally a building society, it became part of the Halifax Group in the 1990s and later merged into Lloyds Banking Group. BM Solutions was launched as a dedicated intermediary brand to streamline buy-to-let and residential mortgage offerings through brokers.
### Services Offered
BM Solutions specialises in:
– Buy-to-let mortgages
– Let-to-buy mortgages
– Portfolio landlord lending
– Remortgages for landlords
– Limited company buy-to-let options (via select brokers)
BM Solutions does not offer residential mortgages to the public directly. All applications must go through a registered mortgage broker, reinforcing their commitment to professional advice and compliance.
### Why Choose BM Solutions?
BM Solutions is known for:
– Competitive interest rates
– Fast processing times
– Flexible lending criteria
– Strong broker support
– Online case tracking for intermediaries
As of 2025, BM Solutions remains one of the top choices for landlords looking for a reliable and efficient lender.
## Eligibility & Requirements
Before applying for a BM Solutions buy-to-let mortgage, it’s essential to understand the eligibility criteria and documentation required. BM Solutions has specific requirements that cater to both individual and portfolio landlords.
### General Eligibility Criteria
– **Age**: Applicants must be between 21 and 75 years old (must not exceed 75 at the end of the mortgage term).
– **UK Residency**: Applicants must be UK residents; BM Solutions does not currently lend to non-UK residents or expats.
– **Credit History**: A good credit history is required. Minor issues may be considered, but serious credit problems (e.g., CCJs, IVAs) are likely to be declined.
– **Existing Property Ownership**: Typically, applicants must already own a residential property in the UK.
### Income Requirements
– **Minimum Income**: A minimum personal income of £25,000 is required (excluding rental income).
– **Rental Coverage**: The rental income must typically cover at least 125%–145% of the mortgage interest, depending on the applicant’s tax status and product type.
– **Stress Testing**: BM Solutions applies interest rate stress testing to ensure affordability, often assuming a notional rate of 5.5% or higher.
### Property Criteria
– **Acceptable Property Types**: Standard houses and flats, including new builds.
– **Unacceptable Properties**: Studio flats under 30m², HMOs (unless via portfolio route), properties above commercial premises, and non-standard construction types.
– **Location**: Properties must be located in England, Wales, or mainland Scotland.
### Required Documents
– Proof of ID and address
– Proof of income (e.g., payslips, SA302s for self-employed)
– Mortgage statements (for existing properties)
– Tenancy agreements (if remortgaging)
– Portfolio spreadsheet (for landlords with 4+ properties)
(For a detailed breakdown, read more about mortgage eligibility criteria)
## Application Process Step-by-Step
Applying for a BM Solutions buy-to-let mortgage is a structured process that must be completed through a registered mortgage broker. Here’s how it works:
### Step 1: Speak to a Mortgage Broker
Since BM Solutions is an intermediary-only lender, you’ll need to work with a qualified mortgage broker. The broker will assess your financial situation, property plans, and determine if BM Solutions is a suitable lender for your needs.
### Step 2: Mortgage Illustration
Your broker will provide a Key Facts Illustration (KFI) outlining the terms, rates, and fees of the recommended mortgage product. This document helps you understand the full cost of borrowing.
### Step 3: Submit Application
Once you agree to proceed, your broker will submit the mortgage application via the BM Solutions online portal. This includes uploading required documents and property details.
### Step 4: Valuation and Underwriting
BM Solutions will instruct a property valuation to ensure the property meets lending criteria. Simultaneously, underwriters will review your application, income, and documents.
### Step 5: Mortgage Offer
If approved, a formal mortgage offer is issued. This is typically valid for 3–6 months, depending on the product.
### Step 6: Completion
Your solicitor will handle the legal work. Once all checks are complete, the funds are released, and the mortgage is finalised.
### Timeline
– **Initial broker consultation**: 1–3 days
– **Application submission to offer**: 7–14 working days (on average)
– **Completion**: 4–8 weeks, depending on legal work
(See our full guide to buy-to-let mortgages for more on the process)
## Rates & Fees
Understanding the cost of your mortgage is crucial. BM Solutions offers a range of fixed and tracker buy-to-let mortgage products with varying rates and fees.
### Interest Rates (2025)
As of early 2025, BM Solutions offers:
– **2-year fixed rates**: From 4.49% (subject to LTV and product)
– **5-year fixed rates**: From 4.29%
– **Tracker rates**: Base Rate + 1.99% and up
Rates vary based on:
– Loan-to-value (LTV) – lower LTVs attract better rates
– Product fees – some products have lower rates but higher fees
– Property type and borrower profile
### Fees
– **Product Fees**: Typically £995 to £1,995 (can be added to the loan)
– **Valuation Fees**: Free on some products; otherwise based on property value
– **Broker Fees**: Vary by broker; BM Solutions does not charge borrowers directly
– **Early Repayment Charges (ERCs)**: Apply during fixed/tracker periods
### Overall Costs
Always compare the Annual Percentage Rate of Charge (APRC), which reflects the total cost over the mortgage term, including fees and interest.
(Use our mortgage calculator to estimate your monthly payments)
## Pros & Cons
### Pros
– **Competitive Rates**: Especially for experienced landlords and low LTVs
– **Fast Processing**: Known for efficient underwriting and offer turnaround
– **Strong Broker Support**: Excellent intermediary portal and case tracking
– **Portfolio Landlord Friendly**: Accepts multiple properties with clear criteria
### Cons
– **Broker-Only Access**: Cannot apply directly as a borrower
– **Limited to UK Residents**: No products for expats or overseas buyers
– **Strict Property Criteria**: Some property types are excluded
– **No HMO Lending (Directly)**: HMO applications require specialist routes
## Alternatives & Competitors
While BM Solutions is a top-tier lender, it’s worth comparing other buy-to-let mortgage providers to find the best fit for your needs.
### Top Alternatives
1. **The Mortgage Works (TMW)**
– Part of Nationwide Building Society
– Offers HMO and limited company mortgages
2. **Paragon Bank**
– Specialist in portfolio and professional landlord lending
– Accepts complex property types
3. **Precise Mortgages**
– Good for limited company and adverse credit applicants
– Offers flexible underwriting
4. **Aldermore**
– Tailored lending for portfolio landlords
– Competitive rates for non-standard cases
5. **Leeds Building Society**
– Offers expat buy-to-let mortgages
– Strong customer service
Each lender has different criteria, so a broker can help match you with the most suitable option.
(Compare lenders in our guide to the best buy-to-let mortgage providers)
## FAQs
### 1. Can I get a BM Solutions buy-to-let mortgage as a first-time landlord?
Yes, BM Solutions accepts first-time landlords, provided you meet their eligibility criteria, including owning a residential property and earning at least £25,000 annually. However, more favourable rates may be available to experienced landlords with existing rental properties.
### 2. Does BM Solutions offer mortgages to limited companies?
BM Solutions does not currently offer limited company buy-to-let mortgages directly. However, some brokers may access group products through Lloyds Banking Group for limited companies. If you’re investing via a limited company, consider lenders like Paragon or Precise Mortgages.
### 3. What is the maximum loan-to-value (LTV) with BM Solutions?
The maximum LTV is typically 75%, meaning you’ll need a 25% deposit. For some remortgage products, lower LTVs (e.g., 60%) may qualify for better rates.
### 4. How many buy-to-let properties can I have with BM Solutions?
BM Solutions allows portfolio landlords, defined as those with four or more mortgaged properties. They will request a portfolio
