Brilliant Solutions

Metro Bank Update

Metro Bank have announced a broker update, available below.  Contact us to see how we help brokers like you across the UK. 

Announcement

We have reduced our 90% LTV Core and 85% LTV Part & Part 5 year fixed residential rates
NEW 90% LTV 5 YEAR RESIDENTIAL FIXED RATES FROM 3.39%

Great news! From today, we have reduced our 90% LTV Core and 85% LTV Part & Part 5 year fixed residential rates by 20bps, with rates now starting from 3.39% and 3.59% respectively.

Do you have a question or a case you’d like to discuss?

We will be hosting a Q&A session from 2pm – 4pm today on Microsoft Teams. If you would like to attend, simply join through the link or copy and paste into your calendar. Join Q&A session.

  • 2.00pm – 2.30pm – Martin Burgess and Vicky Bush
  • 2.30pm – 3.00pm – Graham Beckett and David Horsman
  • 3.00pm – 3.30pm – Jade Stroudley and Victoria Shepherd
  • 3.30pm – 4.00pm – Emma Betteridge, Gareth Randall and Frankie Kitchen
If you are unable to make this time, please contact your local BDM. Find your local BDM here.
 
Things to note
  • Purchase or pound for pound re-mortgage only
  • Available on flats & houses; maximum property value of £600,000
  • All loans are subject to a physical valuation
  • Product fee can be added to loan
  • For lending over 80% LTV, customers on/or have recently been furloughed or had any associated COVID-19 related deductions from their salary/income will not be accepted. For self-employed this includes any SEISS grants received in the last 6 months.
  • We do not accept customers with impaired credit history over 85% LTV
  • If your customer would like to switch to the new product, you will need to resubmit the application through our online portal which will be assessed as a new application and new supporting documents will be required.

Please note: 90% LTV products may be withdrawn at short notice.

For full details on the points above, please refer to our Mortgage Lending Criteria Guide and Product Guides.

 

New Buy to Let and Top Slice Calculator

Great news! Following your feedback, we have built a fantastic new buy to let and top slice calculator, designed with the help of our broker partners, for both purchase and re-mortgage applications.

Find out how much your buy to let customer could borrow

Share this:

Leave a Comment

Your email address will not be published. Required fields are marked *

Scroll to Top