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BM Solutions set to almost double max number of BTL mortgages

BM Solutions has announced that it plans to increase the maximum number of buy-to-let mortgages from three to five with Lloyds Banking Group.

The changes, which come into play from 12 August, will also see the maximum value of buy-to-let mortgages rise from £2m to £3m. But the portfolio limit will remain at 10.

Phil Rickards, head of BM Solutions, commented: “With improvements delivered to our portfolio underwriting proposition, now’s the right time for us to take our next step to bolster the buy-to-let market – and demonstrate our ambition to be the brokers’ first choice.

“Along with greater choice and flexibility for landlords, making webchat live for brokers means we can provide help and support in the ways that they want, when it best suits them.”

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