Feature of the Week

Remortgage with Metro Bank

With more homeowners looking to remortgage as fixed-rate deals come to an end, now’s a great time to help to contact your existing customers. According to UK Finance, remortgaging activity is expected to grow by 30% this year with 1.8m fixed rate mortgage deals to end in 2025 – and we’re here to make the process as smooth as possible for you and your customers.

Residential remortgage features

• Capital Raising up to 90% LTV, 80% for debt consolidation
• Final stair casing accepted for Help to Buy or Shared Ownership
• Maximum age 80 considered (mortgage term based on the oldest applicant)
• Joint Borrower Sole Proprietor available for remortgage customers
• Near Prime products for customers with a less than perfect credit profile and or low credit score
• Pound-for-pound remortgages benefit from a reduced stress rate
• Fee-assisted remortgage only products, with legal-assist or £250 cashback, plus a free valuation

Buy to Let remortgage features

• Pound-for-pound remortgage stressed at pay rate on both Personal and Limited Company Buy to Lets
• £500 cashback on Limited Company Buy to Let remortgage only products
• Broad solicitor panel for Limited Company Buy to Let applications
• Free valuations

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

Metro Bank increases Buy to Let maximum loan sizes

Great news! We’ve increased our maximum loan sizes across our entire Buy to Let Range, including Limited Company Buy to Let. This enhancement opens up more opportunities for property investors to grow and diversify their portfolios.

So, what’s new?

• Maximum 75% Up to £2,000,000 loan amount
• Maximum 70% Up to £2,500,000 loan amount
• Maximum 65% Up to £3,000,000 loan amount
• Maximum 60% Up to £10,000,000 loan amount
• Maximum 50% Over £10,000,000 loan amount

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