Birmingham Midshires offering 2.74% buy-to-let mortgage
Birmingham Midshires (now BM Solutions), the broker-only lender, is offering a leading two-year fixed rate at 2.74%. The overall cost for comparison is 4.9% APR.
It has a £1,495 arrangement fee and borrowers will need a 40% deposit to access the rate.
Aaron Strutt, product manager at Trinity Financial, says: “BM Solutions is offering some decent buy-to-let mortgages and they don’t have huge arrangement fees.
“Their 2.74% two-year fix is available for property purchases and remortgages between £25,001 and £1,000,000.”
After the fixed rate period, the mortgage will revert to 4.34% over the Bank of England base rate, currently 4.84%.
If you would like help to secure a buy-to-let mortgage, call Trinity on 020 7016 0790.
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