BM Solutions has made changes to a number of its mortgage and valuations fees.
A mortgage account fee of £295 will no longer apply to products in the BM Solutions range across Buy to Let Remortgage and Purchase and a new flat fee for Level 1 standard valuations of £300 has been introduced for all purchase mortgage applications.
In addition, the lender has capped revaluation fees for additional borrowing at £300 and also removed the £100 administration fee for Level 1 standard valuations and Level 2 Homebuyers Report valuations.
BM Solutions will continue to offer free Level 1 standard valuations for remortgage products.
Phil Rickards, head of BM Solutions, said: “This package of changes is being introduced to ensure we continue to add value to our products for brokers and their clients.
“By streamlining our valuations process and simplifying our products, we can ensure the same Level 1 valuation fee applies for all customers, regardless of the property purchase price.”