BM Solutions has increased its maximum tenancy term to 36 months for properties in England, Northern Ireland and Wales.
Private Residential Tenancies in Scotland already have no specific end date.
A maximum term of five years is still acceptable when the tenancy is in the form of a Department for Levelling Up, Housing and Communities (DLUHC) model agreement or the Scottish equivalent.
Mortgage completions which occur on or after Monday 7 February will benefit from the enhanced term.
Improvements to the Mortgage Portal
BM Solutions have also made improvements to its Mortgage Portal which will simplify applications for portfolio landlord clients.
A spokesperson for BM said: “We are pleased to advise that we have made some improvement to our Mortgage Portal, used to capture additional details for Portfolio Landlord applications.
“With immediate effect, you can clone a previously completed Portfolio Landlord form on the Mortgage Portal. This will be useful for clients who are portfolio landlords and do multiple mortgage transactions with us over time.”
