Feature of the Week

‘Ask the experts – Drop in session’

Great news… Ask the Expert is back!

On Friday 6 November from 9.30am, we'll be hosting our next drop-in webinar. This is a great opportunity to hear about our latest mortgage enhancements, gain insights from our lending experts, and get answers to the questions that matter most to you and your customers.

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: Large Mortgage Loan

High-net-worth customers often bring more complex income structures and property requirements that fall outside standard lending criteria. Our Large Loan proposition is designed to provide the specialist support needed to help these cases progress with confidence.

Customer 

John and Sarah are business owners looking to purchase a new family home. Their deposit is being funded through the sale of their current property and equity released from their buy-to-let portfolio. They are looking for a lending solution that can accommodate their complex income structure whilst supporting longer-term cash flow planning.

Scenario 

• £2.35m purchase price
• Property includes a self-contained annex on a single title
• Most income retained within their limited company rather than drawn as salary or dividends
• Looking for a part interest-only solution to support affordability and cash flow

Solution 

• £2m mortgage at 85% LTV
• Affordability assessed using a combination of personal and business income
• Joint assessed income of £470,000
• 35-year term aligned to future plans
• 80% interest-only and 5% capital & interest, supported by an acceptable repayment strategy
• Dedicated Large Loan Team support from enquiry through to completion

All applications are subject to underwriting, lending criteria and affordability assessment. For full details, please refer to our Mortgage Lending Criteria Guide and Product Guides.

Helping you place complex cases with confidence

Whether your clients have specialist property requirements, complex income structures or larger borrowing needs, our experienced Large Loan Team is on hand to provide tailored support every step of the way.

Contact our Large Loan Specialist for cases over £1m

Gareth Randall

Senior Large Loan Specialist (cases over £1m)

Telephone: 07814 583069
Email: gareth.randall@metrobank.plc.uk

Find your BDM here. Or call our Broker helpdesk on 020 3427 1019.

Case Scenario: First-Time Buyers Using Interest Only to Improve Affordability

If you have customers with strong future earning potential who want lower initial monthly payments, are purchasing in higher-value areas, or simply prefer the flexibility that Interest Only can provide, Metro Bank's Interest Only proposition could help deliver a tailored solution.

Customer 

• First-time buyers in their early 30s looking to purchase a home for £450,000
• Strong incomes and a clean credit profile
• Looking to balance homeownership with other financial priorities in the early years of their mortgage

Scenario 

• Rising property prices means their preferred property is becoming harder to access
• While monthly payments are manageable, the capital repayment element is restricting borrowing capacity
• They may want to retain more disposable income for future plans, investments or lifestyle choices
• They have a suitable repayment strategy in place

Solution 

• Metro Bank's Interest Only proposition allows borrowing up to 80% LTV, helping to reduce monthly payments and improve affordability
• This could help customers secure their ideal first home without compromising on property choice
• Part & Part available up to 85% LTV, with flexible repayment strategy options available, subject to criteria
• Minimum total applicant income of £50,000

All applications are subject to underwriting, lending criteria and affordability assessment. For full details, please refer to our Mortgage Lending Criteria Guide and Product Guides.