New Build mortgages

More information

Download our PDFs to read when you like - it contains all the details of our mortgage products.

Buy-to-let mortgage products - (PDF)(155KB)

What sets Metro Bank apart?

• Joint borrower, sole proprietor
• Maximum age 85 considered – term based on the oldest applicants age
• Up to four applicants on the mortgage, all four incomes considered
• Contract workers from all industries considered – not just IT
• 60% bonus/commission/overtime used from last year’s P60 to support top slicing
• 10% overpayment allowed (of the initial amount borrowed)
• No income proof required for self-financing non portfolio buy-to-lets

Our team’s outstanding service

Our specialists will look after your customer’s New Build needs every step of the way

• New Build support team who understand the pressures of achieving a quick offer in time for exchange
• New Build underwriting specialists

The nuts and bolts

• We define New Build properties as those built or converted in the last 12 months (based on a completion certificate)
• New build warranties / guarantees: Properties that have been built or converted in the last 10 years require suitable warranties/guarantees to be in place. These include NHBC, Zurich, LABC, New Home Warranty, Build Zone, Premier Guarantee, Building Life Plan, Checkmate Castle, Advantage Warranties, Global Home Warranties, The Q Policy, Build Assure, International Construction Warranties, Protek and Aedis Warranties*
• Modern Methods of Construction accepted subject to:
• Planning and building regulation compliance.
• An acceptable building standards warranty scheme being available.
• Buildings insurance being obtainable under normal terms.
• A minimum design life of 60 years as confirmed by a British accredited body (i.e. BRE, BOPAS).
• Saleability confirmed by the surveyor
• Being situated in a suitable location as defined by the surveyor

*We’re unable to accept architect’s certificates as a suitable warranty or guarantee.