BM Solutions launches new ERC-free tracker mortgages

BM Solutions has launched new ERC-free tracker mortgages for buy-to-let and let-to-buy.

The new two-year tracker products come with no early repayment charges and a 1% product fee.

For buy-to-let purchase and remortgage, two-year fixed rates are available from 4.45% up to 65% LTV and 4.65% up to 75% LTV.

Following the launch, the lender's current two-year tracker products with ERCs and a £1,499 product fee have been withdrawn.

In addition, in BM's product transfer and further advance ranges, the current products with a £1,499 product fee have been replaced with £0 fee products. Rates on these ranges are customer specific.

Leigh Church, head of BM Solutions, said: “We’re really pleased to be launching these new tracker mortgages to the buy-to-let and let-to-buy markets. They enhance our intermediary-specific product range and demonstrate our continued support for landlords.”