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
Second homes up to 85% LTV
Second Homes
Is your customer thinking of purchasing a second home or looking to re‑mortgage an existing one? Metro Bank is here to help.
Please note, our Broker Helpdesk will be closing at 3.45pm on Thursday 4 November for training purposes.
Second Homes Highlights
- Maximum 85% LTV; we can consider up to 75% LTV on Interest Only with an additional 10% on capital repayment
- New Build available up to 85% LTV on both houses and flats
- Accepted for own and for dependent relatives use
- AirBnB accepted up to 90 days per annum
- Maximum age 80 considered (mortgage term based on the oldest applicant)
- Standard product range available
For full details on the points above and acceptable repayment vehicles, please refer to our Mortgage Lending Criteria Guide and Product Guides.