BM Solutions has TODAY launched an LTD Company BTL Mortgage proposition, demonstrating confidence with its entry with competitive pricing.

To compare rates today, 75% LTV 5-year fixed rate with £0 arrangement fee starts at:

• 5.27% for The Mortgage Works.
• 5.29% for BM Solutions.
• 5.29% for Kensington.
• 5.34% for Leeds BS.

The lender's criteria are good but conventional, primarily competing with TMW, Kensington, Leeds Building Society, and Godiva. It does not cater to more specialised areas of BTL, such as Multi-Tenancy HMOs, MUFBs, Group Shareholding, First-Time Landlords, and similar categories.

The step into the market, while confident, is limited to 75% LTV.

The company must be an SPV (no trading companies, or layered ownership).

A 125% Rental Stress Test Cover Ratio is applied to Limited Company Buy-to-Let properties.

First Time Buyers (FTB) are not permitted, with BM requiring at least one director or shareholder owning a property in the UK in their own name.

First Time Landlords (FTL) are not permitted, with BM Solutions requiring some renting experience at the underwriters' discretion.

BM Solutions allows Standard Tenancies Only. This means no Rent-to-Rent (subletting), such as via social housing providers, housing associations, or councils.

HMOs with BM Solutions are permissible, but it is restrictive. In that the property must be suitable for standard residential occupation AND only permissible if all occupants are on one tenancy

Intercompany loans are not acceptable, but Director Loans are, as are (non-repayable) Gifted Deposits from close family members. BM won't accept concessionary purchase applications where the property is being purchased below full market value.

You can find more information, compare rates or talk to a mortgage adviser here:

https://cyborg.finance/news/bm-ltd-co-launch