Feature of the Week

Limited Company Buy to Let

Since entering the Limited Company Buy to Let market in July 2024, Metro Bank has been providing support to brokers and landlords. With attractive rates, straightforward criteria, and a focus on specialist lending, we’re here to support you and your customers every step of the way.

Limited Company Buy to Let highlights

• Maximum 75% LTV, fees can be added without affecting loan to value or interest coverage calculations
• 125% of the mortgage interest amount calculated at our standard Buy to Let stress rates
• Broad solicitor panel
• Minor personal credit blips considered; not accepted against the named limited company
• Up to four Directors/Shareholders – must be the same people and have 100% shareholding
• No minimum income but at least one Director must be earning an income (other than rental)
• Portfolio landlords – maximum of 10 properties all of which can be with Metro Bank
• Purchase from personal name acceptable, a great solution for Let to Buys – lending will be based on the lower of Valuation and Purchase Price in these scenarios
• Limited Company must be non-trading and must be limited to solely holding residential property and not engaged in wider activities (must be an SPV)
• Intercompany loans can be considered where shareholders and directors are the same

Use our Buy to Let calculator to find out how much your customer could borrow.

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

Personal Buy to Let Solutions

With rental demand across England remaining robust – over a third of rental properties finding tenants in Q3 2024 and average rents outside London reaching a record £1,344 per month* - now is a great time to support your customers in growing their portfolios.

Personal Buy to Let highlights:

• No income assessment requirement for self-financing buy to lets
• Maximum age 85 (mortgage term based on the oldest applicant)
• Maximum LTV 75% (both houses and flats)
• Minimum loan size £100k
• Let to Buy
• Portfolio Buy to Let
• Consumer Buy to Let
• Top slicing considered from earned income (minimum income requirements apply)

Use our Buy to Let calculator to find out how much your customer could borrow.

For full details on the points above, please refer to our Lending Criteria Guide and Product Guides.

*Rightmove Rental Trends Tracker (Q3 2024)