For telephone line opening times, please read the information in our contact section. (BM Advisers do not charge any adviser or broker fees for product transfers above 50,000, if you product transfer is below this loan amount, the assigned adviser may charge a fixed fee of upto 495). We are processing all redemption statements within our 5 day service level. You should also check with your building/contents insurer to see if you need their consent. Your total monthly payment is the amount you need to pay to ensure you repay your interest charges for that month. How do I request an annual mortgage statement from you? If you pay your mortgage by direct debit, you do not need to do anything as we will automatically change your payment from the date shown. This could be a good time to consider paying by direct debit. Birmingham Midshires Mortgage Servicing Birmingham Midshires is a division of Bank of Scotland plc. If you make your monthly payment on the 1st, we'll charge the least amount of interest for the month. When expanded it provides a list of search options that will switch the search inputs to match the current selection. If you have any queries regarding your anniversary statement, firstly please refer to the notes enclosed with your statement as these may answer your query without the need for you to contact us. We don't accept credit cards or debit Mastercards (cards beginning with a 5). What does APR and APRC mean, and what does it represent? Email: bridging@precisemortgages.co.uk. This button displays the currently selected search type. . If you change your payment date from the end of one month to the beginning of the next month, you may be required to make two payments within a relatively short timescale. Written confirmation may be required. Information about the property, the owners and those that have an interest in the property are held at HM Land Registry. your Buy To Let property (normal mortgage and letting conditions apply, and you need to obtain a tenancy agreement). No liability is accepted for the accuracy of this article. If you have any questions, or want more details about how we use your personal information, you can call us on 0345 725 3253. and that there are sufficient cleared funds. If your mortgage payment changes we'll write to you confirming the change. SC327000. For example, on a mortgage balance of 200,000 you can overpay by up to 20,000 as either a lump sum or regular monthly overpayments in one calendar year. Financial Services Register number 169628. To stay up to date with your mortgage, please call us When your mortgage redeems you can order a closing statement free of charge. Birmingham Midshires no longer require title documents for loans granted after 1 August 2008, with the exception of SASINE cases. If you had more than one account for a property, you had an account number for each. You can order a copy of your mortgage statement at any time by telephone or letter. Remortgages - since you already own the property, only very basic legal work needs to be carried out. You have repaid your mortgage in full before any early repayment charges which were present on the account have expired. The Council of Mortgage Lenders' Handbook for Birmingham Midshires in England and Wales Section 4.5 addresses this specifying: By fax to fax no. Find top links about Birmingham Midshires Mortgage Login along with social links, FAQs, and more. You should also make sure the account allows withdrawals, If you have an enquiry about an existing mortgage account, you can call us on 0345 300 2627 (lines are open Monday to Friday 8am to 8pm, Saturday 9am to 1pm). If you want to pay your mortgage off in full, or if you're in the process of re-mortgaging to another provider, then you'll need a redemption statement. Registered in Scotland No. AER means Annual Equivalent Rate. mortgagedocuments@nationwide.co.uk So, from 1st March 2023 we're changing our lender variable rates, because of an increase to our cost of lending: If your mortgage is on a lender variable rate, we'll let you know your new monthly payment before it is due. If your account is in arrears and you have a repayment plan in place, please review the terms of the plan as payments may need to be altered. Registered Office: The Mound, Edinburgh, EH1 1YZ. We cannot assist with these queries. The Government has announced the Stamp Duty nil rate exemption band in England and Northern Ireland will be raised to 250,000 with immediate effect (425,000 for first time buyers). This site is intended for UK residents unless otherwise stated. Replacement email addresses are already in place, operational and you may already be using them. redemption & mortgage statements, payments holidays, over payments and general account queries. with your request. Birmingham Midshires is a division of Bank of Scotland plc. Tax free is the contractual rate of interest payable where interest is exempt from income tax. Case certification made easy for CQS accredited practices. Leeds, For mortgages with a pre fix of 60: 0345 600 3853. A redemption statement details how much we require from you to close your loan account on or before a specified date. If you do not pay your mortgage by direct debit you will need to ensure that your new payment is made from the date shown in your letter. A letter of authorisation from the seller would need to be given, thus allowing the lawyer the power to act on his/her behalf. Where your mortgage is on a repayment basis each monthly payment you make to your mortgage reduces the overall balance we use to calculate interest, the amount of interest charged reduces accordingly. AER illustrates what your interest rate would be if interest was paid and compounded each year and allows you to easily compare different offers. For telephone line opening times, please read the information in our contact section. If you have a complaint regarding any of our services or products please contact us following the complaints procedure. What fax numbers will be impacted in the next iteration? Calls may be monitored and recorded for security and training purposes. You should allow up to 3 working days for a payment to reach us. redemption & mortgage statements, payments holidays, over payments and general account queries. Our lines are open Monday to Friday 8am - 8pm and Saturday 9am - 4pm. Wobaston Road . New legislation, new insurance concerns and new Lender Handbook instructions have had a big impact on how good and marketable title is defined. This site is intended for UK residents unless otherwise stated. *Redemption Statements can only be produced up to the end of the following month. Residential and Commercial Property Searches from SafeMove, a part of Yorkshire Water including the CON29DW Drainage and Water search for the Yorkshire and North Humber Region Calls may be monitored and recorded for security and training purposes. Wobaston Road Some customers may also have a sub-account 98 if they have a mortgage account fee. By post write to us at: BM Savings Customer Relations Team. Replacement email addresses are already in place, operational and you may already be using them. If you are impacted by this change, we will write to you in the following weeks to explain what's changed, including your new account number. Our tracker rates are linked to the Bank of England base rate administered by the Bank of England, this rate can go up or down which will impact the cost of your mortgage payments. They have recently written to their customers informing them that they have migrated onto Lloyds Bank systems (who own BM) and as a result, changed the dates they calculate mortgage payments which then created for me an additional 486 of additional interest to pay. . Your monthly payment amount may rise or fall if you change the day. We are NOT regulated by the Financial Conduct Authority and the sites content is completely independent from the mortgage lender known as 'Birmingham Midshires'. Mortgage Loans will be made by Birmingham Midshires. You can make a mortgage payment using your debit card for any amount between 5 and 60,000 by calling us on 03845 300 2627. If your mortgage agreement is subject to an early repayment charge, we will apply the early repayment charge in the following circumstances: Why am I charged more interest in some months than others? If you request Birmingham Midshires to collect a payment, confirmation of the amount and date will be given to you at the time of the request. Critical Illness Customers Name You'll need to fill out our online form to request a redemption statement. These are our main contact details. If you would like information on Birmingham Midshires' current mortgage range available to new and existing customers, please contact an independent financial adviser who will be able to provide information on our products and the whole of the mortgage market. Purchases - these transactions take the longest and generally can be completed between 4 - 12 weeks. Bereavement - Customers Name, Solicitor at Taylor Rose and Director at Samra Legal Limited. How do I make a withdrawal from my account? To learn more and sign up for this free webinar, head to the link in the comments below. Please refer to the CML handbook for further guidance on Scottish cases. Registered in Scotland No. If you're not registered for these services, you can call us 1 on 0800 022 4022 or visit a branch instead. These are: This complimentary webinar looks at an approach that ensures the Dealing with Lender Policy (and other policies) are reflected in a firms daily operations and thus enables the collection of evidence of action in a simple and effective way. Mortgage Loans will be made by Birmingham Midshires. Birmingham Midshires Adviser - Our advisers are experts at dealing with Buy to Let mortgages from Birmingham Midshires and BM Solutions. When should I receive my annual mortgage statement? We cannot assist with these queries. Please contact our customer support team on 0800 298 5714, who'll be able to arrange this for you. To contact the FCA Consumer helpline, please ring 0800 111 6768 or visit moneyadviceservice.org.uk/. If your firm is not currently registered with Lender Exchange and you would like to apply to join one of the lenders' panels, please click Register. Registered Office: The Mound, Edinburgh, EH1 1YZ. PO Box 833 This statement is manually produced upon your request and covers the period from the start of your current statement year to the date the statement is produced. Interest rate changes usually take effect from the 1st of the following month. Pendeford Business Park You should receive your redemption statement within 7 working days. To avoid the early repayment charge, rather than pay it off last year, BM changed my term to coincide with the date at which a full redemption could be made without a charge being made; that happens to be 31st December . Our adviser network is 'whole' of market, so we can typically carry out the above transactions for most other UK lenders. For telephone line opening times, please read the information in our contact section. After you've completed the document, you'll need to print a hard copy, sign and return it to us no less than 7 days before the end date of completion. Please note we can only take debit card payments from customers named on the mortgage account. It's important to note that the changes we make to Birmingham Midshires Standard Variable Rate may not change in line with or at the same time as the change to the Bank Rate, as other factors can also influence the rates that we set. Details of this rate can be found on the Bank of England website or in the Financial Times or other leading newspapers. We can only deliver to the correspondence address we currently hold on our system. The CML Handbook for Birmingham Midshires in England and Wales Paragraph 4.5 specifically deals with this and states: Find out how to order your redemption statement request from Birmingham Midshires Conveyancing Quality Scheme(CQS) - All solicitor applicants located in England and Wales who apply to join the panel will require CQS accreditation. This section may also help you if you have a query after receiving your annual mortgage statement or a query with the balance on your mortgage account. This will typically contain your current mortgage balance, outstanding interest, daily rate of interest, and any redemption or closure fees (if applicable). Nationwide Building Society - Removal of Fax If your mortgage started before 1 May 2000, or is a property in Scotland or Northern Ireland please contact us on 0345 300 2627 for further information. When will my payment change following an interest rate change?