BM Solutions and TMW offering sub-4% buy-to-let two-year fixes

by Aaron Strutt

Mar 29 2023

Buy-to-let mortgage lenders have continued to lower their rates as they look to bring life back to the investment property market.

The Mortgage Works and BM Solutions (previously Birmingham Midshires) have recently improved their rates and offer sub-4% buy-to-let mortgages.

Buy-to-let mortgage rates rapidly increased after the mini-budget, and it has taken time for them to come down. 

While The Mortgage Works and BM Solutions have the lowest headline rates, their arrangement fees are higher than average. The Mortgage Works sub-4% two-year fix has a 3% of the loan amount setup fee, while BM Solutions is £3,999.

Aaron Strutt, product director at Trinity Financial, says: "Most of the banks and building societies offering buy-mortgages have two-year fixed rates around 4.75%, although the five-year deals are slightly cheaper.

"Buy-to-let arrangement fees tend to range between £999 and £1,999. The lenders charge higher arrangement fees as a way to bring down the pay rate."  

Clydesdale Bank lowered its buy-to-let fixed rate mortgages by 0.50% earlier this week, so they now start from 4.60%.

Call Trinity Financial on 020 7016 0790 to secure a mortgage or book a consultation

The information contained within this article was correct at the time of publication but is subject to change.

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