Important notice
Birmingham Midshires no longer offers mortgage products direct to customers. If you're an existing customer and need support with your current mortgage, please see our existing customer pages or contact us.
Manage your mortgage online
We have a new online platform that will allow you to manage your mortgage without having to call us.
The sign in link can be found in the top right corner of the website.
Bank of England Bank Rate announcement
On 1 August 2024 the Bank of England Bank Rate went down by 0.25% from 5.25% to 5%.
So, from 1 September 2024 we're changing our lender variable rates:
- • BM Standard Variable Rate will go from 9.59% to 9.34%
If your mortgage is on a lender variable rate, we’ll let you know your new monthly payment before it is due. But you can see how much your monthly mortgage payment could change and find out what happens next, by using our Rate Change Calculator.
Find out more about the Bank of England Bank Rate and your mortgage.
Support for our residential mortgage customers
We understand you might be worried about the rising costs of living - we're here to help. To support you through this difficult time, we've introduced a range of options that could help you stay on top of your mortgage payments.
Mortgage support
Homes for Ukraine
If you're planning to support the government scheme to house Ukrainian refugees, we're supporting you by making the process as simple as possible.
You won't need to notify us if you're providing:
- • a room(s) in your own home (current limit of 2 lodgers will not apply)
- • a residential property you own (there's no need to request consent to lease but you'll need to obtain a tenancy agreement)
- • your Buy To Let property (normal mortgage and letting conditions apply, and you need to obtain a tenancy agreement).
It's important you consider whether by providing this support you are still able to afford your household bills, pay your mortgage and it doesn't put you in financial difficulty. You may wish to look at any government guidance issued.
You should also check with your building/contents insurer to see if you need their consent.