Brilliant Solutions

Metro Bank Update

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

JOINT BORROWER, SOLE PROPRIETOR ENHANCEMENTS

We have made some enhancements to our popular Joint Borrower, Sole Proprietor offering:

So, what’s new?

Joint borrowers (non-proprietors) now permitted to reside in the subject property (residential only)

Joint borrower can now gift a deposit and reside in the subject property – updated Gifted Deposit Form to be use

Non-relatives are accepted as joint borrowers

Further Residential Core Range JBSP highlights

Up to 95% LTV on houses and flats, purchase only (90% LTV for new build)

Up to four applicants on the mortgage, with a minimum of one applicant on the property deeds

Income can be accepted from up to 4 applicants, at full income multiples, subject to affordability

Maximum age 80 considered (mortgage term based on the oldest applicant at the end of the term)

Repayment, interest only and part and part options available (maximum LTVs apply)

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