Welcome to 2021 and thank you for your continued support.
2020 saw the start of Metro Bank’s journey to become one of the leading specialist mortgage lenders in the UK. During 2021, we will continue to evolve and build our mortgage range – enabling us to support a wider breadth of mortgage customer. Here are just a few highlights from last year:
Reasons to use Metro Bank
- 90% LTV residential mortgages
- Buy to Let – reduced our 5 year fixed stress test to 4.5% at 140% of the mortgage interest amount calculated and increased our maximum age to 85
- Enhanced our contractor and fixed term contract worker policy
- We now use 50% Bonus/Commission/Overtime from the last year
- Support for customers with a less than perfect credit profile
- Expanded our list of accepted suitable security to include:
- Properties built by Modern Methods of Construction (MMC)
- Properties above, or adjacent to commercial premises
- Listed Buildings – Grade I, II* and II (A, B and C in Scotland)
- Reduced the minimum portfolio value required for investment income to £250,000
Please note: Applications 90% LTV products do not follow our standard mortgage lending criteria and may be withdrawn at short notice. For full details on the points above please refer to our Mortgage Lending Criteria Guide and Product Guides.
