Whether you’re a seasoned landlord or a homeowner looking to optimise your mortgage, understanding your options with Birmingham Midshires can help you make the most of your property investment. A BM Solutions product transfer is one of the simplest and most cost-effective ways to switch to a better rate without the hassle of a full remortgage. In this guide, we’ll answer common questions UK borrowers have about product transfers with Birmingham Midshires in 2025.
What is a Birmingham Midshires product transfer?
A Birmingham Midshires product transfer is when you switch from your current BM Solutions mortgage deal to a new one with the same lender, without changing your mortgage balance or term. It’s a straightforward process that doesn’t require legal work or affordability checks, making it ideal for landlords and homeowners who want to secure a better rate quickly. Product transfers are typically available within three months of your current deal ending, and you can often secure a new rate in advance. To learn more, visit our Birmingham Midshires mortgage guide for 2025.
Who is eligible for a BM Solutions product transfer?
BM Solutions product transfers are available to existing Birmingham Midshires mortgage customers whose current deal is coming to an end or who are already on the lender’s standard variable rate (SVR). You must be up to date with your payments and meet the lender’s criteria, which may include a minimum loan amount and remaining term. The property must still be let if it’s a buy-to-let mortgage. If you’re unsure whether you qualify, a mortgage broker can help you check your eligibility and secure the most suitable deal. For more information, see our BM Solutions product transfer page.
What are the benefits of doing a product transfer with Birmingham Midshires?
One of the main benefits of a BM Solutions product transfer is the ease and speed of the process. There’s no need for a property valuation, legal work, or affordability checks, making it ideal for landlords with complex income or multiple properties. You can often lock in a new rate up to three months before your current deal ends, helping you avoid moving onto the higher SVR. Additionally, there are usually no arrangement or exit fees, and your monthly payments could decrease with a better rate. Learn more about your options on our Birmingham Midshires remortgage page.
How long does a BM Solutions product transfer take?
BM Solutions product transfers are typically completed within 5 to 10 working days once the application is submitted. Since there’s no need for underwriting or legal work, the process is much faster than a traditional remortgage. You can usually apply for a new rate up to 90 days before your current deal ends, which allows you to plan ahead and avoid lapsing onto the standard variable rate. A mortgage broker can help you time the switch perfectly to ensure a seamless transition between deals.
Can I switch to a new Birmingham Midshires mortgage deal early?
Yes, in many cases you can secure a new Birmingham Midshires mortgage deal up to three months before your current deal ends. This is particularly useful if you want to avoid the SVR and ensure continuity in your payments. However, switching early may involve an early repayment charge (ERC), depending on your current mortgage terms. A broker can help you assess whether it’s worth switching early or waiting until your deal expires. You can explore your options further on our Birmingham Midshires mortgage page.
Do I need a broker to complete a BM Solutions product transfer?
Yes, BM Solutions only works through authorised mortgage intermediaries, so you’ll need to go through a broker to complete a product transfer. A broker will guide you through the process, access the latest rates, and ensure the switch is timed correctly. They can also help you compare your current deal with other options to make sure you’re getting the best value. Using a broker doesn’t usually cost you anything for a product transfer, and it can save you time and money in the long run.
Is a product transfer better than a remortgage?
Whether a product transfer or a full remortgage is better depends on your individual circumstances. A product transfer is faster, easier, and usually fee-free, making it ideal for landlords who want to avoid the hassle of legal work or affordability checks. However, a remortgage might offer more flexibility, such as borrowing additional funds or switching to a different lender with more competitive rates. If you’re unsure which route is right for you, speak to a broker or read our Birmingham Midshires remortgage guide for 2025.
In conclusion, a BM Solutions product transfer can be a smart move for landlords and homeowners looking to secure a better rate without the complexity of a full remortgage. With fast processing times, no legal fees, and access to competitive rates, it’s worth exploring your options as your current deal nears its end. For more expert insights, visit our full range of guides on Birmingham Midshires mortgages and product transfers.
