In light of the recent developments around Coronavirus and governmental guidance, we have made some changes to our Core Residential Product Range. With immediate effect, the maximum LTV will be reduced to 80% for all residential mortgages.
In line with the wider industry, Metro Bank will extend all house purchase mortgage offers for residential and buy-to-let customers for up to three months, enabling customers to move at a later date. If your customer requires an offer extension, please contact us in the normal way.
We have worked closely with our panel manager, Legal & General Surveying Services, to put in place a process to support valuations via a digital solution as an interim measure for LTVs up to 80% (LTVs are restricted by loan size, please refer to our Lending criteria guide for full details).