Feature of the Week

Metro Bank Talks… Near Prime (15 minute webinar)

Join our latest 15-minute Metro Bank Talks session to hear about the newest enhancements to our Near Prime Range, how we’re helping customers with less-than-perfect-credit, and practical tips to place applications with confidence.

‘Metro Bank Talks… Near Prime’ webinar

Thursday 4 September | 9.30am – 9.45am: Register now

Thursday 4 September | 2pm – 2.15pm: Register now

Tuesday 9 September | 9.30am – 9.45am: Register now

Tuesday 9 September | 2pm – 2.15pm: Register now

Thursday 11 September | 9.30am – 9.45am: Register now

Thursday 11 September | 2pm – 2.15pm: Register now

If you are unable to attend the events above, please feel free to give your BDM a call to book in a meeting – they’d love to hear from you. Find your local BDM here.

More choices for those with a less than perfect credit profile

We’ve improved both our Core and Near Prime Ranges – giving you more choice for customers with less than perfect credit.

If your customer’s credit has light adverse, start with our Core Range first. If their profile needs broader criteria, simply switch the AIP to Near Prime – no need to start again. With layered solutions, you will likely find the right fit for your customer.

What this means for you and your customers

• More options within Core Range for those with light credit adverse
• An upgraded Near Prime Range for those who need broader criteria
• Your first place to check before moving away from a high street lender

Core & Near Prime highlights  

• Broader criteria for CCJs and Defaults
• Utility and Communication Defaults now ignored
• No cap on Unsecured Arrears if clear in the last 3 months
• 85% LTV credit impaired solutions available*

All applications are subject to application score card, referenced against credit agencies.

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

Near Prime just got a significant upgrade!

We’ve listened to your feedback and the needs of the market – that’s why we’ve refreshed our Residential Near Prime and Core propositions to give you more options for customers with a less than perfect credit profile.

This is another step in Metro Bank’s journey to becoming a leading specialist lender.

Here’s a snapshot of what’s new and improved for Near Prime

• Increased LTV up to 85%
• More choice on repayment method with Interest only and Part and Part now available
• Maximum loan size increased to £750,000

What’s new for BOTH Core & Near Prime

• Higher limits for CCJs and Defaults
• Utility and Communication Defaults now ignored
• No cap on Unsecured Arrears if clear in the last 3 months - Maximum LTV of 85% for customers who meet the FCA definition of credit-impaired remains in place.

All applications are subject to application score card, referenced against credit agencies.

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