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
CHANGES TO OUR RESIDENTIAL RANGE PRICING
With effect from 5.30pm on Wednesday 13 March 2024, we will be making pricing changes across our residential new and existing business ranges (excluding Near Prime).
To secure our current products, the application must be at pre‑submission status by 5.30pm on Wednesday 13 March 2024. You will be provided a list of documents we require for the application. If these are not uploaded within 30 days the case will automatically expire and product selected will no longer be available.
Any applications outside of these timeframes will not be accepted.
Full details of our new pricing will be available on sourcing systems and our product guides on the Intermediary website from 9am on Thursday 14 March 2024.
Get in touch with your local BDM; they would love to hear from you. Find your nearest BDM
Or call our Broker helpdesk on 020 3427 1019.
METRO BANK INCREASES LTV LIMITS
We have made some enhancements to our residential maximum loan sizes, providing your customers with greater flexibility and choice.
So, what’s new?
Maximum loans up to 90% LTV increased from £675k to £1.125m
Maximum loans up to 85% LTV increased from £1m to £2m
Please note – New Builds are still restricted to maximum loans of £1m at 85% LTV and £675k at 90% LTV.