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
Clear Solutions for Debt Consolidation
If you’re supporting customers with higher levels of unsecured borrowing – including loans, credit cards or store cards – Metro Bank can offer a clear and practical approach to debt‑consolidation applications up to 80% LTV.
Perfect for customers dealing with:
- High credit card utilisation
- Multiple unsecured commitments
- Recent credit instability
Reasons to use Metro Bank for debt consolidation
- No debt‑to‑income ratio requirements
- We don’t double count repaid debts – Borrowing cleared on completion isn’t included in affordability.
- No maximum on the amount consolidated – For larger consolidation applications, including high credit-card balances, we review recent spending to ensure affordability,
- Same products, same criteria – Debt consolidation sits within our standard range with no separate pricing or products.
- Interest only up to 80% LTV – Affordability assessed on interest-only; sale of property and other repayment strategies accepted.
You’ll need to complete a debt consolidation form. Download the form.
For full details, please refer to our Mortgage Lending Criteria Guide and Product Guides.