Metro Bank launches 80% Buy to Let Mortgages
80% LTV BUY TO LET
That’s right! We now offer buy to let purchase and remortgage products up to a maximum of 80% LTV. We have also decreased our 5 year fixed stress rate to 3.5% at 140% of the mortgage interest calculated for loans up to 75% LTV and no longer require income proof for self-funding buy to lets.
Buy to Let enhancements
- NEW – 80% LTV products with rates starting from 3.29%, maximum loan size of £500,000
- NEW – 5 year fixed stress rate 3.5% at 140% – of the mortgage interest amount calculated for loans up to 75% LTV, 4.5% at 140% of the mortgage interest amount calculated for loans above 75% LTV – download our Rental Criteria Guide
- NEW – no longer require income proof for self-funding buy to lets
- NEW – we have reduced our 5 year fixed rates with rates now starting from 2.29%
- NEW – available on New Build on both houses and flats up to 80% LTV
Buy to Let highlights
- No minimum income requirement
- Maximum age of 85 (mortgage term based on the oldest applicant)
- Up to 4 unrelated applicants on the mortgage can be considered
- Capital and interest / interest only repayment options available
- Portfolio landlords accepted – maximum of 5 properties with Metro Bank (under £5m aggregated debt), maximum of 10 properties in total
Use our Buy to Let calculator to find out how much your customer could borrow.