If you’re a UK landlord with a limited company mortgage through Birmingham Midshires, you may be considering your options as your current deal approaches its end. A Birmingham Midshires limited company product transfer can be a smart way to secure a new rate without the hassle of a full remortgage. In this guide, we’ll answer the most common questions landlords and brokers ask about limited company product transfers with BM Solutions, helping you make an informed decision in 2025 and beyond.
What is a Birmingham Midshires product transfer?
A Birmingham Midshires product transfer is when an existing mortgage customer switches to a new rate with the same lender at the end of their current deal. For landlords operating through a limited company, this is often a straightforward way to avoid moving lender while still securing a competitive rate. Unlike a remortgage, a product transfer typically doesn’t require legal work or property revaluation, making it quicker and more cost-effective. BM Solutions, the intermediary arm of Birmingham Midshires, offers a range of limited company product transfer options tailored to landlords looking to retain their investment properties under the same corporate structure. If you’re unsure whether a transfer or a Birmingham Midshires remortgage is right for you, a specialist broker can help you compare the benefits of each route.
Can I do a product transfer if my mortgage is held in a limited company name?
Yes, Birmingham Midshires allows product transfers for mortgages that are held in a limited company name, provided the mortgage was originally set up on that basis. The product transfer must be arranged through a mortgage broker, as BM Solutions does not deal directly with customers. The process is generally straightforward and can be completed within a few weeks. Your broker will access the BM Solutions product transfer portal and guide you through the available options. It’s important to review your company’s financials and mortgage history, as these may influence the rates you’re eligible for. If you’re unsure of your current deal, you can review your Birmingham Midshires mortgage paperwork or ask your broker for a full breakdown.
When can I apply for a Birmingham Midshires limited company product transfer?
BM Solutions typically allows landlords to apply for a product transfer up to three months before their current mortgage deal ends. This gives you time to lock in a new rate ahead of any potential interest rate changes. In 2025, with market volatility still a concern, many landlords are choosing to secure new deals early. Your broker will be able to access your eligibility window and help you choose the most suitable product. It’s important not to leave it too late, as reverting to the lender’s standard variable rate (SVR) could significantly increase your monthly payments. If you’re unsure when your current deal ends, check your annual mortgage statement or speak with your broker for guidance on the BM Solutions product transfer process.
Do I need to provide new documents for a product transfer?
In most cases, Birmingham Midshires does not require new documentation for a limited company product transfer, provided there are no significant changes to the mortgage or company structure. This is one of the main advantages of a product transfer over a remortgage. There’s usually no need for a property valuation, solicitor involvement, or detailed affordability checks. However, if your circumstances have changed—such as a change in company directors or rental income—it’s essential to inform your broker, as this could affect your eligibility. Keeping your company’s financial records up to date will help ensure a smooth process. If you’re considering switching to a different lender instead, a full Birmingham Midshires remortgage may be required, which involves more paperwork and checks.
Are the rates for limited company product transfers competitive in 2025?
Yes, BM Solutions continues to offer competitive rates for limited company product transfers in 2025. While rates fluctuate with the wider market, product transfers often include fixed-rate and tracker options tailored to landlords. Because you’re staying with the same lender, you may also benefit from reduced fees and a quicker turnaround. It’s worth noting that BM Solutions only offers its products through mortgage intermediaries, so working with an experienced broker is essential to access the best rates. They can also compare your transfer options with other lenders to ensure you’re getting the most value. If you’re nearing the end of your current Birmingham Midshires mortgage deal, reviewing your options now can help you avoid unnecessary costs later.
Can I change the mortgage terms during a product transfer?
Generally, a product transfer with Birmingham Midshires is designed to switch your interest rate only, not to change the core terms of the mortgage. This means the loan amount, term length, and repayment type usually remain the same. If you wish to make changes—such as increasing the loan size or extending the term—you may need to apply for a new mortgage or remortgage. However, some minor changes may be possible depending on your circumstances, so it’s best to discuss this with your broker. If your goal is to release equity or restructure your company’s property finance, a Birmingham Midshires remortgage might offer more flexibility than a standard product transfer.
How do I start a Birmingham Midshires limited company product transfer?
To begin the process, contact a mortgage broker who is authorised to deal with BM Solutions. They will access your current mortgage details and present the available product transfer options. The process is typically completed online, and once you’ve selected a new rate, your broker will submit the application on your behalf. You’ll then receive confirmation of your new deal and the date it will take effect. There’s no need for legal work, and in most cases, the transfer is completed without delay. If you’re unsure where to start, many brokers offer a free initial consultation to review your current Birmingham Midshires mortgage and advise on the best course of action.
Whether you’re planning ahead for your next rate or exploring ways to optimise your property portfolio in 2025, a Birmingham Midshires limited company product transfer could be a smart move. To learn more, explore our full range of guides on BM Solutions product transfer options, remortgages, and expert tips for UK landlords.
