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BM Solutions unveils lower buy-to-let stress rates

BM Solutions has reduced its stress rates for new and remortgage buy-to-let applications.

From Monday 20 March, the lender will offer five-year fixed rate products with a stress rate of 5.25%, compared to a standard rate of 5.5%.

The move follows the introduction of an intelligent rental income calculator in November last year to enable brokers to obtain a rental coverage ratio relative to higher and top-rate taxpayers’ individual circumstances.


Phil Rickards, head of BM Solutions, said: “The new stress rate forms part of our wider phased plans to support brokers in writing quality business in the new regulatory landscape.

“We created the rental income calculator in November to help higher and top-rate taxpayers get the right level of cover for their individual circumstances, and then moved stress rates at the end of 2016.

“We are continuing to invest in our service and commitment to the intermediary market and plans for the next phase are underway.”

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