The perfect solution for your customers that own four or more mortgaged buy to let properties…
Portfolio Landlord Buy to Let highlights
| | Subject property – 5 year fixed stress rate 3.5% at 140% of the mortgage interest amount – regardless of their income tax bracket |
| | | Top Slicing available on the background portfolio – subject to minimum income requirements and affordability |
| | | No minimum income (subject to rental void plausibility checks) |
| | | Maximum of 5 properties with Metro Bank (under £5m aggregated debt), maximum of 10 properties in total |
| | | Flexible background portfolio assessment – based on total mortgage balances & total rental income. Properties are not assessed on an individual basis |
| | | Competitive rates – 5 year fixed rates starting from 2.29% |
| | | A choice of two fee assisted re‑mortgage options for properties up to £2m: | | ○ Legal Assist and no valuation fee | | ○ £250 Cashback and no valuation fee |
|
|
Use our Buy to Let calculator to find out how much your customer could borrow.
For full details on the points above, please refer to our Mortgage Mortgage Lending Criteria Guide and Product Guides.
Download our updated Packaging Checklist.
In other news…
Transfer or Equity – We will be introducing a non‑refundable fee of £150 for transfer of equity applications (where the mortgage is with Metro Bank already and a customer is being added or removed) which will come into effect from the 31 January 2022 – please see Mortgage Tariff for full details.
Contact us
