When comparing BM Solutions vs Coventry Building Society, UK landlords and homeowners often want to know which lender offers the most competitive deals, flexible criteria, and efficient service. Whether you’re managing a buy-to-let portfolio or looking to remortgage your residential property, choosing the right lender is crucial. This guide answers common questions to help you make an informed decision in 2025 and beyond.
What is the difference between BM Solutions and Coventry Building Society?
BM Solutions is the intermediary-only arm of Birmingham Midshires, specialising in buy-to-let mortgages for landlords. It is not available directly to the public and must be accessed through a mortgage broker. Coventry Building Society, on the other hand, offers both residential and buy-to-let products directly and via brokers. While BM Solutions is known for its streamlined processing and competitive rates for landlords, Coventry is praised for its customer service and flexible lending criteria. BM Solutions is often preferred by portfolio landlords due to its experience in the sector, whereas Coventry may appeal to those looking for a more traditional lender with strong ethical values.
Which lender is better for buy-to-let mortgages in 2025?
In 2025, both BM Solutions and Coventry Building Society remain strong contenders in the buy-to-let market. BM Solutions typically offers fixed-rate deals with straightforward criteria, making it ideal for landlords seeking simplicity and speed. Coventry Building Society, however, may be better suited to landlords looking for more flexible underwriting, including support for limited company applications and interest-only options. Ultimately, the best choice depends on your individual circumstances, such as portfolio size, income structure, and long-term investment goals. A broker can help compare both lenders to find the best fit.
Can I do a product transfer with BM Solutions or Coventry Building Society?
Yes, both lenders offer product transfers to existing customers. A BM Solutions product transfer allows landlords to switch to a new rate at the end of their current deal without a full remortgage. This process is typically fast and doesn’t require new affordability checks. Coventry Building Society also provides product switch options, often with incentives like no legal fees or valuation costs. If you’re approaching the end of your fixed term in 2025, it’s worth comparing both to see which lender offers the most competitive retention deals.
How do their mortgage rates compare in 2025?
Mortgage rates in 2025 continue to fluctuate due to economic conditions, but both BM Solutions and Coventry Building Society remain competitive. BM Solutions often has an edge in the buy-to-let space with fixed-rate products that appeal to landlords looking for predictable costs. Coventry Building Society may offer slightly lower rates on residential mortgages and is known for its transparent fee structures. Always compare the total cost of borrowing, including fees, rather than just the interest rate. A broker can provide up-to-date comparisons tailored to your needs.
Are there differences in lending criteria between the two?
Yes, there are notable differences in lending criteria. BM Solutions tends to have more rigid criteria, particularly around income and property types, but is efficient for standard buy-to-let cases. It typically requires a minimum income and has specific rules for portfolio landlords. Coventry Building Society is often more flexible, especially with unusual property types or complex income. It also supports joint borrower sole proprietor arrangements and has a reputation for manual underwriting. If your case doesn’t fit the typical mould, Coventry may be the better option.
Can I remortgage with either lender?
Yes, both BM Solutions and Coventry Building Society offer remortgage options. A Birmingham Midshires remortgage through BM Solutions is typically available via intermediaries and is suitable for landlords looking to release equity or secure a better rate. Coventry also provides competitive remortgage deals for both residential and buy-to-let properties, often with incentives like free legal work and valuations. If you’re considering a Birmingham Midshires mortgage or switching to Coventry in 2025, it’s essential to review the fees, rates, and processing times of each lender.
Do both lenders support limited company buy-to-let?
As of 2025, Coventry Building Society supports limited company buy-to-let mortgages, making it a strong choice for landlords operating through a special purpose vehicle (SPV). BM Solutions, however, does not currently offer buy-to-let mortgages to limited companies and only lends to individuals. If you’re a landlord with a limited company structure, Coventry would be the more suitable option. That said, BM Solutions remains a top choice for individual landlords due to its efficient processing and competitive rates.
In conclusion, when comparing BM Solutions vs Coventry Building Society, the right choice depends on your specific needs as a landlord or homeowner. BM Solutions is ideal for straightforward buy-to-let cases, while Coventry offers flexibility and broader product options. To explore more about Birmingham Midshires mortgage options, BM Solutions product transfer deals, or a Birmingham Midshires remortgage, browse our expert guides and get tailored advice for 2025.
