BM Solutions is set to make selected rate reductions across its range of product transfer and further advance products starting Wednesday, 3rd April.
In a move to align more closely with current market conditions, the lender will begin dynamically pricing its Product Transfer (PT) and Further Advance (FA) rates.
This new approach is designed to provide brokers and their clients with the most current PT/FA rates available, ensuring that the offerings are competitive and reflect the latest market trends.
With the implementation of dynamic pricing, BM Solutions will notify brokers of PT/FA rate changes. Brokers will be able to see the new products available for specific customers by logging into BM Solutions Online on the day they are released.
Brokers are advised to fully submit any applications for existing products before 8 pm on Tuesday, 2nd April, before the new rates take effect.
