Skip to main content

New Build mortgages

Why choose Metro Bank for your customer’s New Build mortgage?

  • Our buy-to-let products are available at up to 80% LTV
  • Available on both New Build houses and flats (no maximum story height)
  • Offers are valid for nine months
  • Builder Incentives accepted up to 5% of the purchase price. Builder incentive can include builders gifted deposit, white goods, carpets and curtains, cashback, legal fees and a contribution towards stamp duty.

Top tip

Package your case fully at submission and valuation will be instructed at the start of the underwriting process.

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

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.

Contact us

Call our helpdesk on 0203 427 1019 (open Monday to Wednesday, 9am to 5.30pm, Thursdays 9.30am to 5.30pm and Fridays 9am to 5.30pm).

Or speak to your Local Business Development Manager.