If you’re a UK landlord or homeowner with an existing Birmingham Midshires mortgage, you may have come across the term “BM Solutions product transfer”. In 2025, many borrowers are looking for ways to avoid unnecessary fees and secure better rates without switching lenders. A Birmingham Midshires product transfer offers a simple, cost-effective solution. In this guide, we’ll answer some of the most common questions about product transfers with BM Solutions to help you make informed decisions about your mortgage.
What is a Birmingham Midshires product transfer?
A Birmingham Midshires product transfer is when you switch your existing mortgage deal to a new rate with BM Solutions, without changing lender or undergoing a full remortgage. It’s available to existing BM mortgage customers whose current deal is ending or already on the lender’s Standard Variable Rate (SVR). This process is often quicker and more straightforward than a traditional remortgage, with no legal work, property valuation, or affordability checks required in most cases. It’s an ideal option for landlords and homeowners looking to secure a better rate while keeping things simple. Learn more about your options on our Birmingham Midshires mortgage page.
Who is eligible for a BM Solutions product transfer?
To qualify for a BM Solutions product transfer, you must be an existing Birmingham Midshires mortgage customer. Typically, you can apply if your current fixed or tracker rate is within three months of ending, or if you’re already on the SVR. Your mortgage must be up to date with no arrears, and the property must still meet BM Solutions’ lending criteria. Product transfers are available for both residential and buy-to-let mortgages. If you’re unsure whether you’re eligible, a mortgage broker can help assess your situation and guide you through the process. For landlords, this can be a smart way to maintain profitability while avoiding the costs of a full Birmingham Midshires remortgage.
Are there fees involved in a BM Solutions product transfer?
One of the main benefits of a BM Solutions product transfer is the low cost. There are typically no legal or valuation fees, and many of the available products come with no arrangement fee. However, some fixed-rate options may include a product fee, depending on the rate you choose. It’s important to compare the total cost of each deal, including any fees, to ensure you’re getting the most value. A mortgage broker can help you weigh the options and find the most suitable product for your financial goals in 2025.
How long does a Birmingham Midshires product transfer take?
The product transfer process with BM Solutions is usually quick and efficient. Once you’ve chosen a new deal, it can often be completed within a few working days. There’s no need for a solicitor, property valuation, or affordability assessment, which significantly speeds things up. This makes it an attractive option for landlords with multiple properties or homeowners looking to avoid the time and paperwork involved in a traditional remortgage. If your current deal is ending soon, it’s wise to act early to secure a new rate and avoid rolling onto the SVR.
Can landlords use a product transfer for buy-to-let mortgages?
Yes, Birmingham Midshires offers product transfers for buy-to-let mortgages through its intermediary arm, BM Solutions. This is particularly useful for portfolio landlords who want to manage costs and retain control over their properties. With no legal work or revaluation required, it’s a hassle-free way to secure a new fixed or tracker rate. BM Solutions is well-regarded in the buy-to-let market, and their product transfer options are designed with landlords in mind. To explore your options, visit our BM Solutions product transfer guide.
When should I start the product transfer process?
You can typically begin the product transfer process up to three months before your current deal ends. Starting early gives you time to review your options and lock in a new rate before your mortgage reverts to the Standard Variable Rate, which is usually higher. In 2025, with interest rates still fluctuating, timing your switch can make a significant difference to your monthly payments. A mortgage broker can help you track your mortgage expiry date and ensure you don’t miss the best window to switch.
Is it better to do a product transfer or a full remortgage?
Whether a product transfer or a full remortgage is better depends on your individual circumstances. A product transfer is quicker, simpler, and often cheaper, especially if you’re happy with your current lender. However, a full remortgage may offer access to a wider range of deals across the market, potentially with lower rates or more flexible terms. If you’re considering borrowing more or changing the mortgage term, a remortgage might be more suitable. For a detailed comparison, check out our Birmingham Midshires remortgage page.
In conclusion, a Birmingham Midshires product transfer can be a smart, low-hassle way to secure a better mortgage rate in 2025. Whether you’re a homeowner or a landlord, understanding your options with BM Solutions can help you save money and simplify your mortgage management. To learn more, browse our expert guides on Birmingham Midshires mortgage products and speak with a specialist broker today.
