With the market changing rapidly, we thought it helpful to update you with a couple of key areas where Metro Bank can support your new and existing customers.
Metro Bank highlights
Residential lending up to 80% LTV – 75% for Buy to Let
Maximum age 80 considered (mortgage term based on the oldest applicant)
50% Bonus/commission/overtime – averaged over the last 2 years
Contractors – will consider any profession not just IT workers.
Continued support for self-employed – there will be a requirement to demonstrate the sustainability and profit of the business
Rate Switching – no product fee for residential loans up to £2m, switch up to 3 months early with no ERC, up to 0.3% procuration fee paid
Service levels across the mortgage business remain strong – long term working from home has been put in place so the business can continue as usual.
Keep up to date with Metro Bank
Our Feature of the Week is updated regularly with Coronavirus updates and important changes to our products to ensure you have
the most up to date information and support you need when speaking to your customers.
Contact us
If you have any questions or need support, please get in touch with your BDM or call our Broker helpdesk on 020 3427 1019.
