Feature of the Week

80% LTV mortgages for your Buy to Let customers

We’ve expanded our Buy to Let Range to 80% LTV across both personal and limited company applications, available on houses and flats, with the option to add the product fee to the loan.

Buy to Let highlights

• Less than perfect credit profiles considered
• Maximum age 85 at the end of the term
• No minimum income, at least one applicant/Director must be earning an income (other than rental)

Limited Company Buy to Let highlights

• Broad solicitor panel
• 125% of the mortgage interest amount calculated at our standard Buy to Let stress rates
• Up to four Directors/Shareholders - must be the same people and have 100% shareholding

Personal Buy to Let highlights

• Portfolio landlords and Let to Buy
• Top Slicing
• Up to four applicants on the mortgage can be considered

For full details on the points above, please refer to our Product Guides.

Metro Bank reduces rates and expands into 80% LTV Buy to Let market

We have reduced rates across our Residential and Buy to Let Ranges by up to 50bps and re-entered the 80% LTV Buy to Let market, effective from today.

Sourcing systems and Product Guides have been updated to reflect these changes.

Beyond the reprice, what else is new?

Residential (new business and existing customers)

• Core Range:
  • New 5 year fixed rate 80% LTV product at 4.99% (capital repayment only)

• Large Loan Range:
  • New 5 year fixed rate 80% LTV product at 4.99%
  • Product fees increased to 0.25% on 2 year products and 0.50% on 5 year products

Buy to Let (new business and existing customers where applicable)

• Personal and LCBTL:
  • Reintroduction of 80% LTV products at 5.69%

For full details on the points above, please refer to our Product Guides.