Brilliant Solutions

Metro Bank

Metro Bank have announced a broker update, available below.  Contact us to see how we help brokers like you across the UK. 

Announcement

REDUCED 90% LTV RESIDENTIAL RATES

Great news! From today, we have reduced our 90% LTV residential range with rates now starting from 3.59%.

Things to note

  • Purchase or pound for pound re-mortgage only
  • Available on flats & houses
  • Maximum property value of £600,000
  • All loans are subject to a physical valuations
  • Product fee can be added to loan

For lending over 80% LTV, customers on/or have recently been furloughed or had any associated COVID-19 related deductions from their salary/income will not be accepted. For self-employed this includes any SEISS grants received in the last 6 months.

If your customer would like to switch to the new product, you will need to resubmit the application through our online portal which will be assessed as a new application and new supporting documents will be required.

Please note: 90% LTV products may be withdrawn at short notice.

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

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