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Feature of the Week

This website is for FCA Authorised Intermediaries only.

Removal of £100,000 rental limit

We have removed the maximum accepted annual rental limit of £100,000 across all our buy to let loan sizes. This change will allow greater flexibility for customers with higher rental income properties, ensuring we continue to meet the evolving needs of our customers.

Some things to note…

  • Tenancy:
    • Common Law Tenancies where rental is over £100,000 and the term is a maximum period of 12 months are now acceptable. Other types of Common Law Tenancies, such as letting to a company or the Landlord being resident, are not accepted.
  • All other terms and conditions remain unchanged

For full details, please refer to our updated Mortgage Lending Criteria Guide.

If your enquiry is £1m or over, our Large Loan Specialist has the expertise to discuss complex cases and find the right solutions for your customers. Find out more.

‘Metro Bank Talks…’ available on demand

Couldn’t attend our latest ‘Metro Bank Talks…’ webinar on Joint Borrower, Sole Proprietor and maximising incomes? Not a problem. You can now watch it at a time that suits you.

Watch now.

Want to find out more about our recent launch into Limited Company Buy to Let?

Watch our 11-minute webinar or read on to see why intermediaries are using Metro Bank for their limited company customers:

  • 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, all Directors must be shareholders
  • No minimum income (subject to rental void plausibility checks) but at least one Director must be earning an income (other than rental)
  • Portfolio landlord accepted – maximum of 10 properties with Metro Bank (under £10m aggregated debt), maximum of 10 properties in total
  • Maximum age 85 (mortgage term based on the oldest applicant)

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

Contact us

Our BDM Team are here and available to help with new case queries. Please get in touch with your BDM or call our Broker helpdesk on 0203 427 1019.

Helpdesk opening hours:
Monday to Wednesday & Friday, 9am to 5.30pm
Thursday, 10am to 5.30pm
Saturday & Sunday, closed

For use by FCA Authorised Intermediaries only.