Metro Bank have announced a broker update, available below. Contact us to see how we help brokers like you across the UK, Alternatively please refer to our Mortgage Lending Criteria Guide and Product Guides.
Announcement
Joint Borrower, Sole Proprietor Solutions & SVR Update
Our Joint Borrower, Sole Proprietor mortgage is the perfect solution for family or friends looking to support loved ones onto the first or next rung of the property ladder.
Residential Core Range JBSP highlights
- Spouses and non-relatives are accepted as joint borrowers
- Joint borrowers can reside in the subject property
- Up to 95% LTV on houses and flats, purchase only (90% LTV for new build)
- Up to four applicants on the mortgage, with a minimum of one applicant on the property deeds
- Income can be accepted from up to 4 applicants, at full income multiples, subject to affordability
- Maximum age 80 considered (mortgage term based on the oldest applicant at the end of the term)
- Repayment, interest only and part and part options available (maximum LTVs apply)
- Gifted deposits accepted – Gifted Deposit Form to be used
For full details, please refer to our Mortgage Lending Criteria Guide and Product Guides.