Feature of the Week

Metro Bank reduces Buy to Let minimum loan size to £50,000

We’ve further strengthened our buy to let proposition by lowering our minimum loan size to £50,000 for all new business applications across personal, limited company, HMO and MUFB lending.

Buy to Let highlights

• Maximum 80% LTV for personal and limited company applications
• 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 up to 75% LTV 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, this does not include HMO & MUFB.
• Maximum age 85 (term based on the oldest applicants age).

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

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.