Birmingham Midshires FAQs
Frequently asked questions
No. BM Solutions only accepts product transfer applications through authorised mortgage brokers like Drummonds Finance Group.
Because we make it faster, easier and completely free. We’ll find your best BMS rate, handle the paperwork, confirm the switch and keep you updated throughout. There’s no waiting on hold or dealing with call centres, just personal help from an experienced broker who knows the process inside out.
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📍 Based in Oxfordshire, helping Birmingham Midshires clients across the UK
You can apply up to six months before your deal ends. In the final three months, many clients can switch without early repayment charges.
Usually not. Most BM Solutions product transfers do not require full income checks or new legal work if you’re not changing your mortgage amount.
We provide this service completely free. BM Solutions does not typically charge legal fees or admin fees for a product transfer.
Additional borrowing usually requires a separate application. We can explore further advance options if you need extra funds.
BM will use an indexed valuation. If you believe it’s outdated or inaccurate, we can help you request a formal revaluation.
A product transfer simply means you’re staying with Birmingham Midshires but moving onto a new rate. You’re not changing lenders, so there’s no valuation, solicitor or full application needed. It’s quick, easy and usually sorted within a few days.
Usually no. If you’re not changing the amount borrowed or adding new names to the mortgage, BMS won’t ask for fresh income documents. They already have your details on file, so it’s a light-touch process.
No. Birmingham Midshires only performs a soft credit check, not a full search. That means it won’t appear on your credit file or impact your score.
Most product transfers are completed within a few working days once your new rate is confirmed. We can start the switch early and schedule your new deal to begin as soon as your old one ends.
No, you won’t need a solicitor or any legal work for a standard Birmingham Midshires product transfer. Everything is done internally by the lender.
If you don’t arrange a new deal, Birmingham Midshires will automatically move you onto their standard variable rate, which is usually higher. That’s why it’s worth reviewing your rate a few months before your deal ends.
You can sometimes adjust the term during a product transfer, but if you want to borrow extra (for example, home improvements), that would require a new application or additional borrowing. We’ll guide you through both options and see which works best.
Yes, in most cases you can. Because you’re not applying for a brand-new mortgage, the lender doesn’t reassess your income in detail, so job changes rarely cause problems.
Sometimes, but not always. A product transfer is quicker and simpler, while a remortgage can offer access to a wider range of deals if you’re making big changes or releasing funds. We’ll compare both for you, side by side, and tell you what saves you more.
(You can also visit our Birmingham Midshires Product Transfer vs Remortgage page for a detailed comparison.)