Buy-to-let specialist BM Solution has removed its minimum income stress rate qualification and improved its minimum stress rates for five-year fixes and like-for-like remortgages.
Lloyds Banking Group says that Phil Rickards will stand down as head of BM Solutions on January 1, after 30 years at the unit, but will continue to work at the group as part of its sustainable business team. The banking giant says the change comes after veteran Rickards accepted a part-time role as chair at broker