New Build mortgages | Metro Bank

This website is for FCA Authorised Intermediaries only.

Our residential products are available at up to 90% LTV
Available on both New Build houses and flats (no maximum story height)
Offers are valid for 270 days (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.

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.

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

Joint borrower, sole proprietor
Maximum age 80 considered – term based on the oldest applicants age
Up to four applicants on the mortgage, all four incomes considered
Continued support for self-employed - there will be a requirement to demonstrate the sustainability and profit of the business
Contract workers from all industries considered – not just IT
60% Bonus/commission/overtime used from last year’s P60
Second homes maximum LTV up to 85% considered, interest only to 75%
20% overpayment allowed (of the initial amount borrowed)

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

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 10am to 5.30pm and Fridays 9am to 5.30pm).