BM expands capped range

The launch follows BM's recent move to introduce capped rates to its buy-to-let range, the first major lender to do so.

Leading the way in the mainstream range is a two-year product tracking the Bank of England base rate at minus 0.16 per cent, capped at 6.09 per cent. Self-cert products start at 5.54 per cent (Bank of England base rate plus 0.04 per cent), capped at 6.29 per cent.

Other product highlights include:

Mainstream

• 5.34 per cent, two-year tracker, capped at 6.09 per cent, 90 per cent LTV, £699 arrangement fee
• 5.40 per cent, three-year tracker, capped at 6.15 per cent, 90 per cent LTV, £1299 arrangement fee

Self-cert

• 5.54 per cent, two-year tracker, capped at 6.29 per cent, 85 per cent LTV, 1.25 per cent arrangement fee
• 5.89 per cent, three-year tracker, capped at 6.64 per cent, 85 per cent LTV, £999 arrangement fee

Iain Williamson, head of key accounts at BM Solutions, said: "Following recent rate rises, capped rates can provide borrowers with the security of knowing their maximum monthly repayments throughout their deal. These great deals mean that brokers can now offer more choice to their clients. We'll continue to support brokers by providing these products backed by our five star service."