BM Solutions Product Transfer
A Product Transfer is a new mortgage product offered by your existing lender. BM Solutions (formerly known as Birmingham Midshires) wants to make sure that this is the most appropriate action for you so recommend you seek professional help. We are only too happy to provide this service and will NOT charge for the Product Transfer if you decide to take this forwards.
The BM Solutions Product Transfer request is normally only accepted if:
- The mortgage is and will continue to be a buy-to-let.
- You have kept up with your payments to BM Solutions.
- The mortgage balance remains the same.
- The current mortgage product expires in the next 90 days.
- The mortgage term remains the same.
- The repayment method remains the same.
In the case of the last two points (4 and 5) it may be possible to adjust these but this would be agreed separately by a telephone interview between you and BM Solutions direct.
Your existing mortgage product may have an early repayment charge. In which case it is normally sensible to set the Product Transfer to start when this expires but you will need to discuss this with us.
Neither BM Solutions or us will run a credit check. We will however, carry out verification of your status to make sure the new product is good in comparison to the rest of the current market options and meets with your circumstances and needs.
NEXT STEPS
Please complete our Contact Form and include your BM Solutions account number. We will then retrieve your current mortgage details and provide mortgage illustrations for the new options open to you for your consideration.
