## BM Solutions Buy-to-Let Mortgage Guide for 2025
If you’re considering investing in rental property, a BM Solutions buy-to-let mortgage could be a smart financing option. As the specialist buy-to-let arm of Birmingham Midshires, BM Solutions offers a range of mortgage products tailored to landlords and property investors. With competitive interest rates, a streamlined application process, and a reputation for reliability, BM Solutions is a popular choice among UK-based and international landlords alike.
In this comprehensive guide, we’ll explore everything you need to know about applying for a BM Solutions buy-to-let mortgage in 2025. From eligibility criteria and required documents to the application process, interest rates, and how BM Solutions compares to other lenders, this article is designed to help you make an informed decision.
Whether you’re a first-time landlord or looking to expand your portfolio, understanding how BM Solutions works can give you a significant edge in the buy-to-let market.
## Overview: BM Solutions and Birmingham Midshires
BM Solutions is a trading name of Birmingham Midshires, which itself is a division of Lloyds Banking Group. While Birmingham Midshires no longer offers residential mortgages directly to the public, BM Solutions continues to operate as a specialist lender in the buy-to-let space, working exclusively through mortgage brokers.
### A Brief History
Birmingham Midshires has been a trusted name in UK banking for over 150 years. It was formed through the merger of several building societies and became part of the Halifax Group in the late 1990s, which later merged into Lloyds Banking Group. BM Solutions was launched in 2001 to serve the growing demand for buy-to-let lending.
### What BM Solutions Offers
BM Solutions focuses solely on buy-to-let mortgages, providing a wide range of products for:
– Individual landlords
– Limited company landlords
– Portfolio landlords (those with four or more properties)
– Let-to-buy scenarios
All BM Solutions mortgage applications must be submitted via an authorised mortgage broker. This ensures that borrowers receive professional advice and helps BM Solutions maintain high underwriting standards.
BM Solutions is known for:
– Competitive interest rates
– Fast processing times
– Strong broker support
– Flexible criteria for experienced landlords
(See our full guide to buy-to-let mortgages)
## Eligibility & Requirements
Before applying for a BM Solutions buy-to-let mortgage, it’s essential to understand the eligibility criteria and documentation requirements. BM Solutions maintains strict underwriting standards to ensure responsible lending.
### Who Can Apply?
BM Solutions accepts applications from:
– UK residents aged 21 to 80 (at the end of the mortgage term)
– First-time landlords (subject to stricter criteria)
– Portfolio landlords (with additional documentation)
– Limited companies (SPVs only)
Note: BM Solutions does not currently accept applications from expatriates or non-UK residents.
### Income Requirements
– Minimum earned income of £25,000 per annum (excluding rental income)
– Joint applicants must have a combined income of at least £25,000
– No minimum income requirement for portfolio landlords with strong rental yields
### Property Criteria
BM Solutions lends on a wide range of property types, including:
– Standard houses and flats
– New-build properties (subject to maximum LTV)
– HMOs (Houses in Multiple Occupation) – only for experienced landlords
– Multi-unit freehold blocks (MUFBs) – subject to underwriting
Excluded properties include:
– Studio flats under 30 sqm
– Holiday lets
– Commercial or semi-commercial properties
### Required Documents
Applicants will typically need to provide:
– Proof of identity (passport or driving licence)
– Proof of address (utility bill or bank statement)
– Proof of income (payslips, SA302s, tax returns)
– Existing mortgage statements (for portfolio landlords)
– Tenancy agreements (if refinancing existing BTLs)
– Company documents (for limited company applications)
(Read more about mortgage eligibility criteria)
## Application Process Step-by-Step
Applying for a BM Solutions buy-to-let mortgage involves several stages, all of which are handled through a mortgage broker. Here’s what to expect:
### Step 1: Speak to a Broker
BM Solutions products are only available via intermediaries. Your first step is to consult a qualified mortgage broker who can assess your circumstances and recommend suitable products.
### Step 2: Decision in Principle (DIP)
Your broker will submit a Decision in Principle (DIP) to BM Solutions. This involves a soft credit check and a preliminary assessment of your eligibility.
### Step 3: Full Mortgage Application
Once the DIP is approved, your broker will submit a full application. You’ll need to provide all supporting documents at this stage.
### Step 4: Valuation
BM Solutions will instruct a valuation of the property. For buy-to-let mortgages, this includes both market value and expected rental income.
### Step 5: Underwriting
The underwriter reviews the application, valuation, and documents. This process typically takes 5–10 working days, depending on complexity.
### Step 6: Mortgage Offer
If approved, you’ll receive a formal mortgage offer. This is valid for up to 6 months, giving you time to complete the purchase or remortgage.
### Step 7: Completion
Your solicitor will handle the legal work and liaise with BM Solutions to complete the transaction.
### Tips for a Smooth Application
– Use an experienced broker familiar with BM Solutions
– Prepare all documents in advance
– Ensure your credit file is accurate and up to date
– Be transparent about your property portfolio
## Rates & Fees
BM Solutions offers competitive interest rates, but it’s important to understand the full cost of borrowing.
### Interest Rates
Rates vary depending on:
– Loan-to-value (LTV) ratio
– Fixed vs variable rate
– Property type
– Applicant profile (e.g. limited company vs individual)
As of 2025, typical BM Solutions buy-to-let rates include:
– 2-year fixed: from 4.99% (60% LTV)
– 5-year fixed: from 5.29% (60% LTV)
– Tracker rates: from 4.75% + Bank of England base rate
Note: Rates are subject to change and may vary by broker.
### Fees
Common fees include:
– Product fees: £0 to £1,995 (can often be added to the loan)
– Valuation fees: Free for standard properties; higher for HMOs/MUFBs
– Legal fees: Usually paid by the borrower; some remortgages include free legal work
– Broker fees: Vary depending on the intermediary
### Overall Cost
Always compare the Annual Percentage Rate of Charge (APRC), which includes interest and fees. BM Solutions tends to offer good value for experienced landlords, especially at lower LTVs.
## Pros & Cons
Like any lender, BM Solutions has its strengths and limitations. Here’s a balanced view:
### Pros
– Competitive interest rates
– Fast processing and underwriting
– Strong support for portfolio landlords
– Available to limited companies
– Free valuations on many products
### Cons
– Only available through brokers
– No lending to expats or non-UK residents
– Strict criteria for HMOs and MUFBs
– Limited flexibility on adverse credit
BM Solutions is best suited to UK-based landlords with a clean credit history and a solid income. For more complex cases, alternative lenders may be more appropriate.
## Alternatives & Competitors
If BM Solutions doesn’t meet your needs, several other lenders offer competitive buy-to-let mortgage products:
### The Mortgage Works (TMW)
– Part of Nationwide Building Society
– Accepts first-time landlords and HMOs
– Competitive rates and flexible criteria
### Paragon Bank
– Specialises in complex buy-to-let
– Accepts portfolio landlords, HMOs, MUFBs
– Strong support for limited companies
### Aldermore
– Flexible underwriting
– Good for landlords with complex income
– Accepts expats and non-standard properties
### Precise Mortgages
– Specialist lender for adverse credit
– Accepts HMOs, limited companies, and more
Each lender has its own niche, so it’s worth comparing options with your broker to find the best fit for your circumstances.
(Compare more buy-to-let lenders in our full guide)
## FAQs
### 1. Can I get a BM Solutions buy-to-let mortgage as a first-time landlord?
Yes, BM Solutions does consider first-time landlords, although the criteria are stricter. You’ll need a strong credit profile, a minimum income of £25,000, and a standard property type. Your broker can help assess your eligibility and recommend suitable products.
### 2. Does BM Solutions lend to limited companies?
Yes, BM Solutions offers buy-to-let mortgages to Special Purpose Vehicles (SPVs) registered in the UK. The company must have appropriate SIC codes (e.g. 68209) and be registered with Companies House. Directors and shareholders must meet personal eligibility requirements.
### 3. What is the maximum loan-to-value (LTV) with BM Solutions?
BM Solutions typically lends up to 75% LTV on buy-to-let properties. For new-build flats or more complex cases, the maximum LTV may be reduced to 70% or lower. Lower LTVs usually attract better interest rates.
### 4. How long does the mortgage application process take?
The full process—from DIP to completion—can take 4 to 8 weeks, depending on the complexity of the case and how quickly documents are provided. BM Solutions is known for relatively fast underwriting when applications are complete.
### 5. Can I remortgage with BM Solutions?
Yes, BM Solutions offers remortgage products, often with free valuations and legal work. These are popular among landlords looking to release equity or secure a better rate. Your broker can help you compare remortgage options.
### 6. Are BM Solutions mortgages available to expats?
No, BM Solutions does not currently offer buy-to-let mortgages to expatriates or non
