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 Metro Bank products
With effect from 5.30pm on Monday 11 April 2022, we will be making changes to our products for all loans above £1m across our Residential Range with new products going live on Tuesday 12 April 2022.
So what does this mean?
To make sure your customer secures the current product, the case must be at the application submitted status and fully packaged by 5.30pm on Monday 11 April 2022.
Any cases outside of these timeframes will not be accepted.
Changes to Metro Bank Residential products
With effect from 5.30pm on Wednesday 13 April 2022, we will be withdrawing our 75% LTV products across our residential Core and Interest Only ranges with new products to be launched shortly.
So what does this mean?
To make sure your customer secures the current product, the case must be at the application submitted status and fully packaged by 5.30pm on Wednesday 13 April 2022.