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
The Buy to Let Solution
We hope you had a wonderful festive break and New Year. There are a lot of exciting things planned for this year, starting with our recent enhancements to our Buy to Let Range:
Buy to Let enhancements
- NEW – maximum loan size for 75% LTV products now £2m
- 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 – 80% LTV products with rates starting from 3.29%, maximum loan size of £500,000
- NEW – no income proof required 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 houses and flats up to 80% LTV
Use our Buy to Let calculator to find out how much your customer could borrow.
For full details on the points above, please refer to our Mortgage Mortgage Lending Criteria Guide and Product Guides.
Download our updated Packaging Checklist.