Bringing mortgages home, together

Who are Metro Bank

Metro Bank is a leading specialist lender, committed to providing mortgage intermediaries and their customers with clear and consistent mortgage solutions. Since 2016, we have built a reputation for common-sense underwriting, a strong service ethos and a genuine partnership approach with the intermediary sector.

Our mortgage range covers residential and buy-to-let lending, including limited company, HMO and MUFB options, as well as solutions for customers with complex incomes or near-prime profiles. We combine expertise with a personal approach, helping brokers and customers achieve their goals – truly bringing mortgages home, together.

Lending available in England, Wales and Scotland (Scottish postcodes do not cover – HS, KW or ZE) subject to a minimum purchase price/valuation of £75,000.

Why choose Metro Bank for a mortgage

Residential

• Maximum age 80 (term based on the oldest applicants age) – using employed/self-employed income if a non-manual role. 
• Joint borrower, sole proprietor – up to 4 applicants and 4 incomes considered, additional borrower(s) can be non-family and reside in the property.
• Adverse credit history – customers with low credit score, previous defaults, arrears or recently settled IVA’s all considered.
• Self-employed – profit before tax plus directors salary where 100% shareholding. Average taken over the last 2 or 3 years (whichever higher).  
• Interest Only – up to 80% LTV (85% LTV using part & part). Affordability calculated on interest only. Sale of subject property and other repayment strategies accepted.

Buy to Let

• Maximum LTV 80% – personal and limited company, on both houses and flats.
• Adverse credit history – Directors who have previous defaults/CCJ’s and missed payments. 
• Limited Company Buy to Let – ICR calculated @ 125% of mortgage interest, broad solicitor panel.
• HMO/MUFB – available for both personal names and Limited Company. Maximum 6 tenants for HMO, 6 units for MUFB.
• Top slicing from earned income to support personal BTL applications.
• Maximum age 85 (term based on the oldest applicants age).

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

Next steps

Get in touch with your Local Business Development Manager – they would love to hear from you.

Simply use our tool which allows you to enter your postcode and find your local BDM at the click of a button - or alternatively, contact the Broker Helpdesk on 0203 427 1019