Feature of the Week

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.