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
80% LTV mortgages for your Buy to Let customers
We’ve expanded our Buy to Let Range to 80% LTV across both personal and limited company applications, available on houses and flats, with the option to add the product fee to the loan.
Buy to Let highlights
- Less than perfect credit profiles considered
- Maximum age 85 at the end of the term
- No minimum income, at least one applicant/Director must be earning an income (other than rental)
Limited Company Buy to Let highlights
- Broad solicitor panel
- 125% of the mortgage interest amount calculated at our standard Buy to Let stress rates
- Up to four Directors/Shareholders – must be the same people and have 100% shareholding
Personal Buy to Let highlights
- Portfolio landlords and Let to Buy
- Top Slicing
- Up to four applicants on the mortgage can be considered
For full details on the points above, please refer to our Product Guides.