Resident buy-to-let broker - latest deals

Buy to let lending reduces rates
More happiness (and correct predictions). Following on from our newsletter last week about one of our lenders increasing their lending capacity, BM Solutions have duly obliged and reduced further some of their buy to let rates. There are a few more interesting products now, including rates with low fees, so just give us a call to find out more.



1. BM Solutions
Interest rate: 4.35%
LTV: 75%
Product Detail: 1 year tracker
Arrangement Fee: 3%
Early Redemption Penalties: 3% in first year.
Our thoughts: The lowest rental cover for 75% loan to value mortgages but watch the reversionary rate after the first year, great for a 1 year buy to sell.

2. BM Solutions
Interest rate: 5.40%
LTV: 75%
Product Detail: 2 year fixed
Arrangement Fee: 2.5%
Early Redemption Penalties: 3% in first 2 years.
Our thoughts: The lowest 2 year fixed rate at 75%.

Landlord insurance - best rates - instant quotes


Tip of the week 1 – Do you have an offset mortgage? Then read this:


Most offset mortgages work in two different ways; if you want to make overpayments, you can pay money:

1. into your current account, so any savings will offset against your mortgage amount, or
2. pay lump sums off from your actual mortgage, and then drawdown them back down at a later date.

Well, just be careful about option 2 because some lenders have started to review these accounts and where they believe the loan to values have reduced, they can refuse to allow your drawdown payment.

If you always make overpayments into your current account, you should always be able to access your funds.


Tip of the week 2: Do you have a commercial mortgage?

For those of you who have commercial loans, you may be familiar with the new policy of banks making it compulsory for you to take out life insurance to support your loan.


We have come across a number of these cases recently, and there is a definite pattern emerging. What is that pattern, you may well ask? Well, we can save you money and often get more suitable cover than you have already.


I know I may sound like a broken record, but the fact remains most people have life cover, but it usually isn’t setup in the most efficient manner.

So, if any of these relate to you…

1. Have life cover, but it’s not setup in trust.
2. Got your cover direct from your bank.
3. Have a joint life policy.

…then we are here waiting for you.