RESIDENTIAL LARGE LOANS
At Metro Bank, we have the expertise to discuss complex cases and find the right solutions for your customers. We understand the complexities that come with various income streams and the requirement for a lender to individually underwrite and assess each case on its own merits.
Reasons to choose us
- Loans up to £5m available
- Personal service – one single point of contact through your mortgage process
- Higher earners can now benefit from enhanced income multiples of up to 5.5 times earned income as part of our Professional Range (minimum income requirements and maximum loan amounts apply)
- Multiple income streams can be considered using standard multiple income multiple of 4.49 times income
- The maximum age at the end of the mortgage term is now 80 for all repayment types including interest only
- No funds under management are required
- Flat product fee with reduced fees for existing customers
- Security – properties with large acreages and annexes considered
UP TO 5.5 TIMES INCOME MULTIPLE FOR MORE PROFESSIONS AND EXTENDED TO HIGH EARNING CUSTOMERS
We have increased the number of professions who qualify for our Professional Range and expanded the product to include customers with higher earnings who could benefit from an enhanced income multiple of up to 5.5 times – subject to affordability assessment.
We have also launched a New Residential Calculator to support with affordability calculations. So let’s take a look at the customers we can now help.
Professional Product Range enhancements
We now accept single applicants with earned income of £100k and above and joint applicants with combined earned income of £150k and above per annum (these customers are not required to be ‘qualified professionals’)
In addition, we have added Surveyors, Engineers and Architects to our list of accepted professions
Maximum 90% LTV
Capital and Interest, Part & Part and Interest Only repayment options available (including capital raising up to 80% LTV)
Remortgage, Further Advance and Top Up options available – for Rate Switch only customers, our Core Range products and pricing apply