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
Metro Bank – Greater Than 95% LTV JBSP Mortgage
We’ve expanded our Joint Borrower Sole Proprietor proposition to support customers looking to purchase or remortgage at higher loan-to-value with the support of immediate family members.
Our >95% LTV JBSP Mortgage is designed to help more customers access homeownership, with family support and a clear, carefully managed approach to affordability.
Launch highlights
- Available up to 100% LTV
- No minimum deposit/equity requirement
- Residential Purchase or £4£ Remortgage
- 5 year fixed rate products
- No valuation or product fee
- Income can be accepted from up to 4 applicants, at 4.45x income multiple, subject to affordability
- Maximum loan size of £675,000
- Joint Borrower must be immediate family only
For full details, please refer to our Mortgage Lending Criteria Guide and Product Guides.
Join our 10 minute launch webinar
To help you get the most out of this proposition, we’re hosting a dedicated session on Thursday 9 July at 10am, covering criteria, case studies and placement opportunities.