- Boost for core residential and eligible professional customer affordability
Metro Bank has improved affordability requirements across its entire residential range, widening access to its higher income multiples and lending up to six times income for certain customers in select professions* while remaining committed to responsible and sustainable lending.
The enhancements mean that borrowers earning £70,000 or more will now be able to borrow up to five times their income for products in its core residential range. Eligible professional customers such as solicitors, doctors and architects will also now be able to borrow up to six times their income.
Stress tests have also been lowered across Metro Bank’s 2-year fixed rate products to improve affordability and potential loan sizes.
Charles Morley, Director of Mortgage Distribution at Metro Bank commented: “As a specialist lender, we work hard to ensure our product range meets the needs of borrowers today. We know that affordability is often the first barrier people face when looking to take that first or next step on the property ladder. This is why we have focused on widening access across our residential range, ensuring that our products continue to resonate with our customers while maintaining our commitment to responsible lending.”
The latest changes build on Metro Bank’s expansion of its specialist mortgage product suite in 2025, which saw Metro Bank relaunch its Near Prime range and launching new HMO and MUFB products.
The criteria changes are effective from 13th January.
*Professional customers criteria includes fully qualified, registered and practicing Solicitors, Barristers, Medical Doctors, Accountants, Actuaries, Vets, Dentists, Surveyors, Architects and Engineers for purchase or remortgage applications.