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
A high-street solution for customers with adverse history
If your customer has a low credit score, past defaults, arrears or a recently settled IVA, our Core and Near Prime Ranges – all designed to help you support more customers.
Download our Less than Perfect Credit Profile flyer to see exactly how we assess near prime residential applications and where your customers can fit.
Core & Near Prime Range highlights
- Settled IVAs accepted day 1 on receipt of the completion certificate — no waiting period (Near Prime only)
- Broad criteria for CCJs and Defaults
- Utility and Communication Defaults ignored
- No cap on Unsecured Arrears if clear in the last 3 months
- Capital raising, including debt consolidation
All applications are subject to application score card and underwriting assessment.
For full details, please refer to our Mortgage Lending Criteria Guide and Product Guides.
In other news….
With effect from today, Thursday 22 January 2026, our Standard Variable Rate will be 7.25% for Residential and 7.75% for Buy to Let mortgages.