| Application Criteria | ||||
| Permanent UK Resident | yes | This product is only available to individuals who are permanent UK residents. | ||
| Existing Customers Only | no | This mortgage is not just available to existing customers | ||
| Existing Borrowers Only | no | This mortgage is not just available to existing borrowers. | ||
| Remortgage Only | no | This is not just available for remortgages. | ||
| First Time Buyers Only | no | This mortgage is not just available to first time buyers. | ||
| Available Via a Broker Only | yes | Available via brokers only. | ||
| Minimum Deposit | 25% | 25% | ||
| Maximum Age | 75 years | The maximum age is 75 years at the end of the mortgage term. | ||
| Minimum Age | 18 years | The minimum age is 18 years. | ||
| Minimum Income | £25,000 | Minimum income of £25000.00 is required. | ||
| Available Direct | no | This product is not available direct from the provider, but may be available from a broker or other intermediary | ||
| Rates | ||||
| Initial Rate APR | 5.85% | 5.85% | ||
| Repayment Basis | interest only mortgage payment | Rental cover is calculated on an interest only basis using the current pay rate. | ||
| Tracker Loading on Lender's Base Rate or SVR | 5.35% | 5.35% | ||
| Lender's Base Rate or SVR for Trackers | 0.5% | Bank Base Rate 0.50% | ||
| Final Rate | 4.69% | 4.69% | ||
| Mortgage APR | 5.1% | 5.1% | ||
| Rate Type | bbr | The product rate type is BBR. | ||
| Frequency of Interest Calculations | daily | Interest is calculated daily | ||
| Suitability | ||||
| Mortgage Type | Buy To Let | Buy To Let | ||
| Repayment Mortgage | yes | Yes | ||
| Interest Only Mortgage | yes | Yes | ||
| Endowment Mortgage | yes | Yes | ||
| Max LTV | 75% | 75% | ||
| Maximum Advance Per Property | £1,000,000 | The maximum advance per property is £1000000 | ||
| House Purchase Max LTV | 75% | The maximum loan to value for house purchase is 75% LTV 75% to £1,000,000 | ||
| Remortgage | yes | This product is available for remortgage. | ||
| Remortgage Max LTV | 75% | The maximum loan to value for remortgage is 75% LTV 75% to £1,000,000 | ||
| First Time Buyers | yes | This product is available to first time buyers. | ||
| First Time Buyer Max LTV | 75% | The maximum loan to value for first time buyers is 75% LTV 75% to £1,000,000 | ||
| Existing Borrowers Moving Home | yes | This product is available for existing borrowers moving home. | ||
| Existing Borrowers Not Moving Home | no | This product is not available for existing borrowers not moving home. | ||
| Homemover | yes | This product is available for house purchase. | ||
| Shared Ownership | no | Not available for shared ownership. | ||
| Right to Buy | no | Not available for right to buy. | ||
| Earned Income Allowed | no | Earned income is not allowed. | ||
| Portfolio Buy to Let | no | Not a buy to let portfolio product. | ||
| Maximum Overall Portfolio Value | £3,000,000 | The maximum overall lending is £3000000 (which applies to Buy to Let lending across the HBOS group). | ||
| Student Lets | no | This product is not available for student lets. | ||
| Let to Buy | yes | This product is available for Let to Buy. | ||
| Holiday Lets | no | This product is not available for holiday lets. | ||
| Restrictions | ||||
| Maximum Term | 40 years | The maximum term is 40 years. | ||
| Minimum Term | 5 years | The minimum term is 5 years. | ||
| Rental Income % of Mortgage | 125% | Rental income must cover 125% of the proposed (interest only) mortgage payment. | ||
| Maximum Number of Properties | 9 | Maximum number of properties 9 allowed held across the HBOS Group (Birmingham Midshires, Bank of Scotland, and Halifax). | ||
| Incentives | ||||
| Legal Fees Contribution | no | No legal fees incentive offered. | ||
| No Higher Lending Charge | yes | No higher lending charge payable. | ||
| Facilities | ||||
| Portable Mortgage | yes | This product is portable. | ||
| Flexible Payments | no | No flexible options available. | ||
| Overpayments Available | no | Overpayments are not available. | ||
| Payment Holiday | no | Payment holidays are not available. | ||
| Fees & Charges | ||||
| Application Fee £ | varies | 1.50% product fee payable £275 mortgage account fee payable upon completion. The fee will be added to the loan. (The fee is fixed, does not incur interest, and is non-refundable). | ||
| Application Fee Added to Loan | yes | Product fee can be added to the loan. Mortgage Account fee will be added to the loan. | ||
| Early Repayment Charge | yes | There is an early redemption charge payable. | ||
| Early Repayment Charge Amount | 3% | ERC - 1.50% of amount repaid for 2 years. | ||
| Early Repayment Charge Term | 12 months | ERC for 12 months. | ||
BM Solutions 1yr BBR + 5.35% BTL LTV 75% Mortgage
Compare the BM Solutions 1yr BBR + 5.35% BTL LTV 75% with the UK's best mortgages, including application criteria, rates, suitability, restrictions, incentives, facilities, fees & charges and equity release.
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BM Solutions 1yr BBR + 5.35% BTL LTV 75% Mortgage Features & Benefits
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You may want to compare the BM Solutions 1yr BBR + 5.35% BTL LTV 75% with these mortgages
Clydesdale Bank 5yr 6.49% Fixed LTV 85% Direct
- 6.49 percent intro rate APR is available to new customers.
- Customers will benefit from initial rate end date of 30 nov 2015.
- Get 5.7 percent payment rate.
- Clydesdale Bank offers minimum duration of 0 yrs.
Yorkshire Bank 5yr 6.49% Fixed LTV 85% Direct
- Get £25,000 1st time buyer minimum loan.
- Applicants take advantage of initial rate term of 60 months.
- 6.49% mortgage interest rate is offered.
- 40 yrs max term is available.
The One Account One Account CAM LTV 75%
- Minimum drawdown of £30,000.
- Tie-in time after rate of 0 years is available with this mortgage.
- Applicants can get lender's base rate or SVR for trackers of 3.75 percent.
- Review facility expense of £0.
Lloyds TSB 3yr 4.89% Fixed H/P LTV 75% Intermediary
- A fixed interest rate end date of 30 sep 2013 is available from Lloyds TSB.
- 4.89% initial rate APR is available.
- 4.89% mortgage rate is available.
- 30 sep 2013 intro rate end date is available.
- Get a right to buy maximum ltv/valuation of 75 percent from the 3yr 4.89% Fixed H/P LTV 75% Intermediary.
Lloyds TSB 5yr 6.39% Fixed H/P LTV 85% Direct
- Lloyds TSB gives house purchase minimum loan of £5,000.
- Max LTV of 85% is available to customers.
- The mortgage gives a right to buy minimum loan of £5,000.
- Benefit from a first time buyer max LTV of 85%.
- Applicants can have the benefit of 5.3 percent payment rate.
- Get minimum length of 5 yrs.
Alliance and Leicester 2yr 4.09% Fixed R/M LTV 75% Ex/C
- This mortgage has a 02 nov 2012 introductory rate end date.
- Get a remortgage maximum LTV of 75% from the 2yr 4.09% Fixed R/M LTV 75% Ex/C.
- This mortgage has a max term of 35 yrs.
- Shared ownership minimum loan of £6,000 is offered to you.
- A 4.3 percent mortgage APR is offered.
The Mortgage Works 2yr 5.59% Fixed H/P LTV 85% Guarantor Full
- A mortgage APR of 5.4 percent is available from The Mortgage Works.
- £500,000 max loan is available.
- 85 percent maximum LTV is available to customers.
- The Mortgage Works offers 1st time buyer minimum loan of £25,001.
- Payment rate of 5.4%.
- Get 30 nov 2012 introductory rate end date from The Mortgage Works.
Tipton & Coseley 2yr 0.30% Discount H/P LTV 90% Direct
- New customers can get right to buy minimum loan of £30,000.
- 1st time buyer max LTV of 90% is available.
- Have the benefit of an interest rate discount term of 30 nov 2012 from the 2yr 0.30% Discount H/P LTV 90% Direct.
- You get 5.1 percent interest only rate from the mortgage.
- You get 100 percent right to buy max LTV from the mortgage.
- This mortgage gives a 30 nov 2012 introductory rate end date.
Cheltenham & Gloucester 3yr 4.59% Fixed H/P LTV 60% Intermediary only
- This mortgage gives 35 years maximum term.
- This mortgage gives a fixed interest end date of 30 sep 2013.
- 3 yrs minimum length is available to you.
- This mortgage has a house purchase minimum loan of £5,000.
- You get £500,000 maximum loan from Cheltenham & Gloucester.
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