Brilliant Solutions

The office will be closed from 5pm today for staff training, open as normal tomorrow. 

Our office will be closed from 5pm Thursday, 20th October to 9am Friday, 21st October.
If you have any cases or enquiries that this may affect, please contact our team today. We apologise for any inconvenience.

We are currently experiencing some technical issues that are affecting our telephone lines and internet connection.

We hope to resolve this asap. Apologies for the inconvenience.

 

In honour of Her Majesty Queen Elizabeth II our offices will be closed on Monday 19th September while our staff pay their respects.

The office will re-open at 9am on Tuesday 20th September.

Metro Bank Update

By / 22nd February 2021 / BTL, Product Updates, Residential

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

SPECIALIST BUY TO LET MORTGAGES – Reduced 5 year stress rate to 4.00% at 140%

We have reduced our 5 year fixed rate stress rate to 4.00% at 140% of the mortgage interest amount calculated.

Specialist Buy to Let highlights?

NEW – Reduced 5 year stress rate to 4.00% at 140% of the mortgage interest amount calculated

NEW – Buy to Let and Top Slice calculator – find out how much your customer could borrow

Top slicing considered from earned income (minimum income requirements apply)

Maximum age 85 at the end of term (mortgage term based on the oldest applicant)

Up to 4 applicants on the mortgage can be considered

No minimum income (subject to rental void plausibility checks)

Portfolio landlords accepted – maximum of 5 properties with Metro Bank (under £5m aggregated debt), maximum of 10 properties in total

For full details on the points above, please refer to our Mortgage Lending Criteria Guide and Product Guides.

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