Feature of the Week

‘Ask the experts – Drop in session’

Great news… Ask the Expert is back!

On Friday 7 November from 9.30am, we will be hosting our next drop-in webinar – focusing on a number of our key criteria enhancements to help with customer affordability, new HMO/MUFB proposition and upgraded Near Prime Range.

Register now

Agenda

You can either join for the whole webinar or drop in and out of the topics you would like to listen to. If you are unable to attend but would like a refresher on our products and services, please contact your local BDM to book in a meeting – they’d love to hear from you. Find your local BDM here.

Case scenario: Supporting customers after an IVA

Many customers are emerging from IVAs and looking to re-enter the mortgage market after completing their arrangements. Metro Bank’s Near Prime Range considers settled IVAs as soon as the completion certificate is issued and offers a clear pathway back to homeownership.

Sarah, IT Contractor

• Entered an IVA five years ago after income disruption during the pandemic
• Successfully completed her IVA only 1 month ago, the credit report hasn’t updated yet but Sarah has her completion certificate to evidence the IVA has been settled

Metro Bank solution

• Accepted as soon as IVA completed – no waiting period required
• Opportunity for Near Prime customers to move onto our Core Range at the end of their fixed rate period
• Maximum LTV of 85% LTV
• Interest only, Repayment and Part and Part options
• Loans available from £50,000 - £750,000 for purchase and re-mortgage

All applications are subject to application score card and underwriting assessment.

For full details, please refer to our Mortgage Lending Criteria Guide and Product Guides.