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What can we help with ?

For Existing Birmingham Midshires Customers

Product Switches
Change from Interest only to Repayment
Arrange a lump sump downpayment (as part of a product transfer)
Equity Transfer (add or remove borrowers)
Arrange Further Advances (borrow additional funds)

For New Birmingham Midshires Customers

Purchases and remortgage transactions
Buy to Let, Let to Buy, HMO, Portfolio Landlords

Our adviser network is 'whole' of market, so we can typically carry out the above transactions for most other UK lenders.

How much can I borrow ?

For BTL mortgages the maximum borrowing is generally limited firstly by the Loan the Value - which is 75% of the value of the property.

The rental income must also pass the rental income 'stress test' - this is generally between 125% - 145% of the interest only mortgage payments.

Are there any fees ?

The following costs also need to be considered for any new mortgage, some of these costs may not applicable to remortgages and product transfers.

Valuation Costs
Bank Arrangement Fees
Solicitors Fees (for purchases)
Stamp Duty (for purchases)
Mortgage Adviser/Broker Fees (for purchases)

(BM Advisers do not charge any adviser or broker fees for product transfers above £50,000, if you product transfer is below this loan amount, the assigned adviser may charge a fixed fee of upto £495)

How long does a new mortgage take ?

Product Transfers - we can switch your product almost instantly and activate your new rate from your next payment due.

Remortgages - since you already own the property, only very basic legal work needs to be carried out. Generally these remortgage transactions take between 3-7 weeks.

Purchases - these transactions take the longest and generally can be completed between 4 - 12 weeks.

Obtain Conveyancing, EPC and Survey Quotes

Use our Quote comparison service for,

Conveyancing (Purchase, Sale & Fixed Price Remortgages)
EPC's
Survey's

Compare Quotes Now

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Current SVR 9.34%

No adviser or broker fees for switching or remortgaging *

Ready to switch your product now ? (switch upto 6 months in advance)

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Existing customer on a Tracker Rate ? Switch to new deal

Tracker Switching Guide

Latest Customer Feedback

A Choudhury was excellent and provided swift fast efficient and professional service

Charlie VProduct Switch

Our adviser was impeccable throughout and I am really grateful to him for his advice, which resulted in us being able to remortgage, which was vital given that our existing mortgagor was unwilling to extend our mortgage further due to our respective ages.

Mrs L M Remortgage

Abdul provided a professional, simple, high quality service. He understood my requirements and found the best products and what he advised on went smoothly with speed of transaction being a bonus!

Mrs S ShahProduct Switch

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Service Charter

BM Buy to Let Mortgage Advisers

We are a mortgage information portal for Buy to Let Mortgages . We do not provide any advice on our website and the content is for information purposes only. We are NOT regulated by the Financial Conduct Authority and the sites content is completely independent from the mortgage lender known as 'Birmingham Midshires'.

We connect you with independent financial advisers and mortgage advisers who are authorised by the Financial Conduct Authority to provide advice on BM Solution mortgage related products.

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BM Mortgage Advisers are a specialist information portal for BTL Mortgages. Please visit Birmingham Midshires direct at www.bmmortgages.co.uk for administrative enquiries such as; address changes, redemption & mortgage statements, payments holidays, over payments and general account queries. We cannot assist with these queries.

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