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Lender says...

BM Solutions has added two new three-year fixed rate products to its buy-to-let range.

For a 2.5 per cent arrangement fee landlords can get a rate of 6.59 per cent up to 75 per cent loan-to-value.

The maximum loan amount available is £1m and the rental calculation is set at 125 per cent of the payrate.

There is an early repayment charge of 3 per cent until the deal ends on 1 December 2011 when the rate reverts to 2.5 per cent more than the base rate.

A rate of 6.29 per cent is also available up to 65 per cent LTV. This product also has an arrangement fee of 2.5 per cent and landlords can borrow up to £1m.

Rental calculation is set at 125 per cent of the payrate.

There is an early repayment charge of 3 per cent until the deal ends on 1 December 2011 when the rate reverts to 2.5 per cent more than the base rate.

Adviser says...

Darren Pescod, managing director of Cambridgeshire-based adviser The Mortgage Broker, said lenders were increasingly looking to make a margin on the arrangement fees.

He said: "On rate the products are reasonably competitive but the fees make it look quite expensive, particularly on the larger loans."

Rating: 3/5 stars