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
More choices for those with a less than perfect credit profile
We know not every customer has a perfect credit profile and that’s where Metro Bank can step in.
If your customer has experienced some credit blips, start with our Core Range first. If their profile needs broader criteria, simply switch the AIP to Near Prime – no need to start again. With layered solutions, you will likely find the right fit for your customer.
What this means for you and your customers
- More options within Core Range for those with light credit adverse
- A Near Prime Range for those who need broader criteria
- Your first place to check before moving away from a high street lender
Core & Near Prime highlights
- Broader criteria for CCJs and Defaults
- Utility and Communication Defaults ignored
- No cap on Unsecured Arrears if clear in the last 3 months
- 85% LTV credit impaired solutions available*
All applications are subject to application score card and underwriting assessment.
*For full details, please refer to our Mortgage Lending Criteria Guide and Product Guides.