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TODAY'S OTHER NEWS

BM Solutions introduces free remortgage valuations

BM Solutions has launched a series of new remortgage and property purchase mortgage rates, and to mark the introduction of the range, the buy-to-let arm of Lloyds Banking Group is offering free valuations of up to £1,500 on all remortgages.

The new rates for new mortgages deals and remortgages start from 1.69% for a two-year fix at 60% loan-to-value (LTV), while a two-year fix at 75% LTV starts from 2.04%, a five-year fix is available from 60% LTV starting from 2.24%, and a five-year 75% LTV fix rate product starts at 2.79%.

Phil Rickards, head of BM Solutions, commented: “As part of our ongoing commitment to the market and as we enter this new era, we have reintroduced free valuations to help drive down the upfront cost of remortgaging for customers.

“It’s quite clear that the market has moved in favour of remortgages and through extending the choice available at competitive rates and covering the cost of valuations, brokers can continue to write good quality business and meet the needs of their customers.”

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