Brilliant Solutions

The internet is down in our Head Office.  Staff continue to answer the phone and respond to messages but understandably response times and service standards are affected.  Please contact your Relationship Manager directly if you have any urgent issues.  Thank you.

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

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

Enhanced self-employed policy

Great news! We have refreshed how we assess self‑employed applicants whilst maintaining a common‑sense approach.

Self‑employed highlights
  • NEW- Profit before taxation plus directors remuneration can now be used. An average is taken over the last 2 years if 100% of shareholders are on the mortgage and sustainability of the business can be confirmed
  • Salary & Dividends can be used. An average of last 2 years where sustainability can be evidenced
  • Partnerships/Sole traders – We use a 2 year average of profit from self‑employment where sustainability can be evidenced
  • All businesses must have been trading for a minimum 3 of years
  • 6 months business bank statements are required on all self‑employed cases to confirm the sustainability of the business
  • Maximum LTV is 95% LTV; 80% where SIESS grants have been taken in the last 6 months

For full details on the points above or to discuss a potential case, please call your BDM and refer to our Mortgage Lending Criteria Guide.

Documentation requirements can be found on our product guides.

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