BM Solutions has eased its exposure limit raising the number of mortgages it can provide for the first time in nearly ten years.
The specialist buy-to-let lender has increased the maximum number of buy-to-let mortgages a borrower can have across Lloyds Banking Group from three to five. It has also changed the maximum value of buy-to-let mortgages with Lloyds Banking Group from £2million to £3million.
Aaron Strutt, product director at Trinity Financial, says: “BM Solutions reduced its exposure limits to the buy-to-let market just after the crunch hit. At the time it was a bit of a shock, especially with all of the other changes.
“The lender has decided it's a good time to tempt more landlords into action to purchase more properties or remortgage their buy-to-let portfolio's. The move will also give the other banks and building societies a bit more competition.”
Last change nearly ten years ago
Mortgage Strategy magazine covered BM Solutions criteria changes back in January 2009, when it moved to a maximum of nine properties max on all of its brands.
In September that year, the magazine highlighted that the lender introduced a new value cap of £3m. In September 2010 BM Solutions reduced the maximum number of properties to just three and a £2m value cap across all the brands.
Decent buy-to-let mortgage rates
BM Solutions is offering some of the most competitively priced buy-to-let mortgages with low arrangement fees. It has a reputation for producing fast offers and applicants do not need to have a minimum income to qualify.
Call Trinity Financial on 020 7016 0790 to secure a buy-to-let mortgage