When your current mortgage deal is coming to an end, it’s natural to look for the best way forward. If you have a mortgage with Birmingham Midshires, a BM Solutions product transfer could be a simple and cost-effective option. Whether you’re a landlord with a buy-to-let property or a homeowner looking to avoid a higher variable rate, understanding your options is key. In this guide, we’ll answer common questions UK borrowers ask about Birmingham Midshires product transfers in 2025.
What is a Birmingham Midshires product transfer?
A Birmingham Midshires product transfer is when you switch to a new mortgage deal with BM Solutions without changing lender. It’s available to existing Birmingham Midshires customers whose current fixed or tracker rate is ending. This type of transfer is often quicker and easier than a full remortgage, as there’s no need for legal work or property valuations. You simply choose a new rate from BM Solutions’ current offers and switch over, usually with no fees. If you’re a landlord or homeowner looking to keep things simple and avoid the standard variable rate, a product transfer can be a smart move. Learn more about the process on our Birmingham Midshires mortgage page.
Who is eligible for a BM Solutions product transfer?
To be eligible for a BM Solutions product transfer, you must already have a mortgage with Birmingham Midshires. Typically, your current deal must be within three months of its end date, or already on the lender’s standard variable rate. Your mortgage must also be up to date with payments, 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 about your eligibility, a mortgage broker can help check your current status and guide you through the process. For landlords, this can be a great way to secure a new rate without refinancing or changing lender. Visit our BM Solutions product transfer guide for full eligibility details.
What are the benefits of doing a product transfer with Birmingham Midshires?
There are several advantages to choosing a product transfer with Birmingham Midshires in 2025. First and foremost, it’s a cost-effective option—there are usually no legal fees, no valuation costs, and no need for a full application. The process is also much faster than a remortgage, often completed in just a few days. You’ll also avoid moving onto the higher standard variable rate, which can significantly increase your monthly repayments. For landlords, this means protecting your rental yield and keeping costs predictable. Additionally, BM Solutions often offers competitive rates to existing customers, making it a strong option for both homeowners and buy-to-let investors. For comparison, see our Birmingham Midshires remortgage page to weigh up your options.
Can I switch early before my current deal ends?
Yes, in some cases you can arrange a product transfer before your current deal ends, but it’s important to check if early repayment charges (ERCs) apply. BM Solutions typically allows you to secure a new rate up to three months in advance, which means you can lock in a deal and have it start as soon as your current one finishes. However, if you want to switch before your deal officially ends and ERCs still apply, you’ll need to factor those costs into your decision. A broker can help you calculate whether it’s worth switching early or waiting until your deal expires. Planning ahead in 2025 is especially important given market rate fluctuations and inflation concerns.
Are there fees involved in a BM Solutions product transfer?
In most cases, a BM Solutions product transfer comes with no fees. That means no legal costs, no valuation fees, and no arrangement charges for many of their standard products. However, some fixed-rate options may include a product fee—usually around £995—which can often be added to the loan. It’s essential to compare the total cost of each product, including any fees, to determine the best value over the term. A mortgage broker can help you assess the most cost-effective deal based on your loan size and term. Always check the latest fee structure on the BM Solutions product transfer page for up-to-date information in 2025.
Can landlords do a product transfer for buy-to-let mortgages?
Yes, landlords with buy-to-let mortgages through Birmingham Midshires can absolutely do a product transfer. BM Solutions is one of the UK’s leading buy-to-let lenders, and they offer a range of competitive fixed and tracker rates specifically for landlords. The process is the same as for residential customers, and it typically requires no legal work or property valuation. This makes it an ideal solution for portfolio landlords looking to manage costs and avoid the standard variable rate. Whether you own one property or several, a product transfer can help you maintain consistent cash flow and reduce interest costs. For more details on landlord options, visit our Birmingham Midshires mortgage guide.
How do I start a BM Solutions product transfer?
To begin a BM Solutions product transfer, you can either contact your mortgage broker or log in to your Birmingham Midshires online account. A broker can help you review your current deal, compare available rates, and submit the paperwork on your behalf. The process is usually quick and straightforward, with most transfers completed within a few working days. It’s a good idea to start the process around three months before your current deal ends to avoid any lapse into the standard variable rate. If you’re unsure where to begin, our BM Solutions product transfer guide walks you through each step.
In summary, a Birmingham Midshires product transfer can be a smart, hassle-free way to secure a new deal in 2025—especially for landlords and homeowners looking to avoid unnecessary costs or delays. Whether you’re considering a fixed rate or tracker, it’s worth exploring your options early. For more expert advice, browse our full range of guides on Birmingham Midshires mortgage products and solutions tailored to your needs.
