★ 5-star Google reviews | £ Zero broker fees for BMS product transfers | ⏱ Applications completed within days | 🏦 Access to BMS's full rate range
What Is a BM Solutions Product Transfer?
A BM Solutions product transfer is when you switch to a new mortgage rate with Birmingham Midshires, your existing lender, without moving to a different lender. It is sometimes called a rate switch or a product switch. The mortgage balance, property and borrower details all stay the same; you are simply moving from your current deal onto a new fixed or tracker rate offered by BM Solutions.
The most common reason to do a product transfer is that your current fixed-rate or tracker deal is coming to an end. When your deal expires, BM Solutions will automatically move you onto their Standard Variable Rate (SVR). The SVR is almost always significantly higher than any fixed-rate product they offer, which means your monthly payments go up considerably. You keep paying that higher amount until you act.
A product transfer avoids this. By switching to a new rate before your deal ends, you stay on a competitive rate, keep your payments predictable and avoid an unnecessary cost.
Important: BM Solutions is an intermediary-only lender. You cannot arrange a product transfer, new purchase, remortgage or further advance directly with them. All applications must go through an FCA-authorised mortgage broker. We are authorised and arrange BM Solutions product transfers for clients across the UK.
Get Your BM Solutions Rate Options
Call us or request a callback and we will check your rates the same day.
BM Solutions Quick Facts
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Part of? Lloyds Banking Group
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Application route? Broker only
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Apply up to? 6 months early
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Valuation method? AVM (automated)
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Income checks? Usually not required
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Solicitor needed? No
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Typical turnaround? 2 to 5 days
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Portfolio landlords? Accepted
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Ltd company? Accepted
BM Solutions Product Transfers Mortgage Broker
Drummonds Finance Group
BM Solutions does not allow customers to go direct for a product transfer or mortgage. Instead, you need to go through a mortgage broker.
At Drummonds Finance Group, we’re here to help. We offer free, no-obligation support to clients who want to stay with BM Solutions and secure a better rate through a Birmingham Midshires product transfer. We do not charge you a fee for the product transfer; we receive a referral fee from the lender.
If you have a mortgage with BM Solutions (Birmingham Midshires) and your current deal is coming to an end, you might be wondering what your options are.
How it works
How We Arrange Your BM Solutions Product Transfer
The process is straightforward, and in most cases, we can have your new rate confirmed within a few working days. Here is exactly what happens when you contact us:
1
You contact us with your mortgage details
We need your BM Solutions account number (usually starting with 60), your current deal end date and a brief description of your property. That is all we need to get started.
2
We check your available rates
Using your account number, we can see your outstanding balance, BM Solutions' automated valuation of your property and the product transfer rates they are currently offering you. BM Solutions prices product transfer rates individually for each account based on your loan-to-value ratio.
3
We compare BM against the whole market
As a whole-of-market broker, we also check whether a full remortgage to a different lender would save you more money. We present both options and tell you honestly which one is a better value for your circumstances.
4
You choose your preferred rate.
Once you have seen the options, we present them clearly so you can make an informed decision. There is no pressure. We explain the difference between a two-year fix, a five-year fix and a tracker rate in plain English.
5
We submit the transfer and confirm your new rate.
We request the new rate from BM Solutions on your behalf. In most cases, all you need to sign is a single authority form. There is no solicitor, no full affordability assessment and no valuation in most circumstances. We confirm when the new rate starts and what your new payment will be.
How long does it take?
Most BM Solutions product transfers are completed within two to five working days. In straightforward cases, we can sometimes arrange a same-day rate confirmation.
Why BM Solutions Requires a Mortgage Broker
BM Solutions (Birmingham Midshires) operates through intermediaries only. That means you cannot go directly to them to arrange your product transfer. You must use a registered mortgage broker, like us, to handle the switch.
We make the process straightforward. We’ll:
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Check your current deal and when it ends
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Compare available BM product transfer rates
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Help you choose the right option for your needs
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Complete the application on your behalf
All at no cost to you.
When Can You Apply for a BM Solutions Product Transfer?
You can usually apply for a new rate up to 6 months before your current fixed or tracker deal ends. In the final 3 months of your deal, you can often switch without paying an early repayment charge (ERC).
Acting early helps lock in the best BM Solutions rates and avoids stress at the last minute.
How BM Solutions Values Your Property
BM Solutions uses an automated valuation model (AVM) to estimate your property’s value. This is based on data from local price trends. In some cases, a formal valuation may be required – we can guide you on whether this applies to you.
What You’ll Need for a Birmingham Midshires Product Transfer
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Your mortgage account details
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Confirmation of your current property and contact information
You usually don’t need to provide payslips or full income documentation for a simple BM product transfer – another benefit of staying with your existing lender.
Can You Borrow More from BM Solutions?
Generally, additional borrowing is not included in a standard BM Solutions product transfer. If you need to raise extra funds (for home improvements or debt consolidation), we’ll look at your options – this may require a further advance or a separate application.
Why Clients Choose Drummonds Finance Group
We support clients all across the UK with BM Solutions mortgages. Whether your property is in Oxford, Banbury, Bicester, London or beyond – we’re here to help.
Clients come to us because:
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We don’t charge fees for BM product transfers
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We know Birmingham Midshires' criteria and processes
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We act fast and keep things simple
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We help compare BM Solutions rates with other options
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Even if you are happy with BM Solutions, it’s always worth checking whether staying put is still your best choice. We’ll give you honest advice, tailored to your situation.
Real Example
A recent client in Oxford had a BM Solutions buy-to-let mortgage coming to the end of its fixed rate. We helped them lock in a new 2-year fixed deal three months early, avoiding a jump in monthly payments and saving them over £1,500 per year.
Tailored Advice, Exceptional Service
About BM Solutions and Birmingham Midshires
BM Solutions is the buy-to-let mortgage brand of Birmingham Midshires, which is a division of Bank of Scotland plc within Lloyds Banking Group. It is one of the largest and most well-established buy-to-let lenders in the UK. BM Solutions is known for its competitive rates for stable, lower loan-to-value borrowers and its consistent approach to buy-to-let underwriting.
A key thing to understand about BM Solutions is that it is entirely intermediary-only. Unlike high street banks that offer mortgages both directly and through brokers, BM Solutions has always operated exclusively through brokers. This applies to every type of transaction — new purchases, remortgages, product transfers, further advances and let-to-buy applications all require a broker.
BM Solutions supports both individual landlords and limited company buy-to-let applicants, and they lend to portfolio landlords with four or more mortgaged properties. Their automated valuation model uses the House Price Index to assess property values for product transfers, which means physical valuations are usually not required.
If you also hold properties financed by other lenders in your portfolio, we can review those alongside your BM Solutions mortgage. For example if you have a TML (The Mortgage Lender) mortgage also approaching its end date, we can handle both simultaneously.
Tailored Advice, Exceptional Service
The Drummonds Advantage
At Drummonds Finance Group, we specialise in helping clients with BM Solutions (Birmingham Midshires) mortgages. Whether you’re approaching the end of a fixed rate or looking to avoid the standard variable rate, we provide expert, no-cost support with BM product transfers. Many clients come to us specifically because BM Solutions does not accept direct applications – and we’re proud to be a trusted broker for this lender across the UK.
