If you’re a UK landlord asking, Can I get an HMO mortgage with BM Solutions?, you’re not alone. With the 2025 property market evolving and rental demand remaining strong, many investors are exploring Houses in Multiple Occupation (HMOs) as a way to maximise rental yields. BM Solutions, the buy-to-let arm of Birmingham Midshires, is a well-known lender in the intermediary market. But what are their criteria when it comes to HMO financing? In this guide, we answer key questions landlords and brokers often ask about HMO mortgages with BM Solutions.
Does BM Solutions offer HMO mortgages?
Yes, BM Solutions does offer HMO mortgages, but only under specific conditions. Their HMO products are available exclusively through intermediaries, meaning you’ll need to work with a mortgage broker to access them. BM Solutions typically caters to small HMOs—properties with up to five bedrooms and a maximum of six tenants. Larger HMOs or those requiring a licence may not be eligible under their standard criteria. It’s essential to check the latest lending criteria in 2025, as BM Solutions regularly reviews their product offerings to reflect market conditions and regulatory changes.
What are the eligibility criteria for a BM Solutions HMO mortgage?
To qualify for an HMO mortgage with BM Solutions, the property must meet specific requirements. As of 2025, the lender generally accepts HMOs with up to five lettable rooms. The property must be in England or Wales, and it should not require a mandatory HMO licence—though some exceptions may apply. Additionally, the applicant must already own at least one buy-to-let property and meet BM Solutions’ minimum income requirements. The property should also be in a lettable condition and not above a commercial premises. Working with a broker ensures your application is tailored to meet these criteria.
Can I do a BM Solutions product transfer on my HMO mortgage?
Yes, if you already have an HMO mortgage with BM Solutions, you may be eligible for a BM Solutions product transfer. This allows you to switch to a new rate without the need for a full remortgage, often with no legal or valuation fees. However, product transfer availability depends on your current mortgage type and whether the property still meets BM Solutions’ HMO criteria. It’s a good idea to review your mortgage deal as it nears expiry to avoid moving onto a higher standard variable rate.
What is the maximum loan-to-value (LTV) for a BM Solutions HMO mortgage?
BM Solutions typically offers HMO mortgages up to 75% loan-to-value (LTV). This means you’ll need at least a 25% deposit or equity in the property. The maximum LTV can vary depending on the number of bedrooms, the rental income, and the applicant’s overall portfolio. For landlords with multiple properties, BM Solutions may also assess your wider portfolio to ensure it meets their background stress testing rules. A broker can help you calculate your borrowing potential based on your current circumstances and the lender’s 2025 criteria.
Can I remortgage my HMO property with Birmingham Midshires?
Yes, you can apply for a Birmingham Midshires remortgage for your HMO property, provided it meets their eligibility criteria. Remortgaging can be a smart move if you’re looking to release equity, secure a better rate, or consolidate your portfolio. BM Solutions offers competitive remortgage products for landlords, but they are only accessible via brokers. It’s important to check whether your HMO property still qualifies under their guidelines, especially if it has been reconfigured or now requires a licence.
Do I need a broker to apply for a BM Solutions HMO mortgage?
Yes, BM Solutions operates exclusively through intermediaries, so you cannot apply directly as a borrower. Working with a broker is essential not only to access their HMO products but also to ensure your application meets all the necessary criteria. A broker will assess your financial situation, property details, and long-term goals to match you with the most suitable Birmingham Midshires mortgage product. They can also help you navigate the complexities of HMO lending, including licensing, valuation, and rental income assessments.
Can I switch from a standard buy-to-let to an HMO mortgage with BM Solutions?
Switching from a standard buy-to-let to an HMO mortgage with BM Solutions may be possible, but it depends on several factors. You’ll need to inform the lender of any changes in property use, as altering the tenancy type without consent could breach your mortgage terms. If the property now qualifies as an HMO, you may need to apply for a new mortgage product that reflects this change. This could involve a full remortgage or a BM Solutions product transfer if eligible. Always consult with your broker before making any structural or tenancy changes.
In conclusion, BM Solutions does offer HMO mortgages under specific conditions, making them a viable option for landlords with smaller HMOs. Whether you’re looking to remortgage, switch rates, or expand your portfolio, understanding their lending criteria is key. To explore your options, speak with a qualified broker and browse our expert guides on Birmingham Midshires mortgage products, transfers, and remortgages.
