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
Metro Bank – Support more customers with credit challenges
When a Credit Profile Gets Complicated – We Make It Simpler for You
If your customer has a low credit score, past defaults, arrears or a recently settled IVA, our Core and Near Prime Residential Ranges and Buy to Let Range are designed to help you support more customers with credit challenges.
Download our Less than Perfect Credit Profile flyer to see exactly how we assess applications and where your customers can fit.
Highlights
- Settled IVAs accepted day 1 on receipt of the completion certificate — no waiting period (Near Prime only)
- Broad criteria for CCJs and Defaults
- No limit on Utility and Communication Defaults
- No cap on Unsecured Arrears if clear in the last 3 months
- Capital raising, including debt consolidation
- Multiple repayment options available – interest only and P&P
- Support for buy to let customers with less than perfect credit – find out more
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.
Your 10‑Minute Guide
Watch our on-demand webinar and discover how to move more applications forward with confidence. Watch now.