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
ENHANCEMENTS TO EMPLOYMENT AND INCOME
We have listened to your feedback and made some enhancements to our employment and income requirements to help with affordability and maximise the income we can use for your customer.
Criteria highlights
- Child Maintenance (Court Ordered) – accepted providing that the child is under 13 years old at point of application
- Foster income – accepted with 24‑month history. Please note, this will need to be keyed as self‑employed
- Time in employment – can consider less than 6 months history if a result of career break or parental leave.
For full details, please refer to our updated Mortgage Lending Criteria Guide and Packaging Guides.