Feature of the Week

Happy New Year

Happy New Year! As we step into 2025, we’re excited for a year of continued growth and success for our valued intermediary partners – we will enter new markets and continue to enhance both our residential and buy to let ranges.

Reasons to use Metro Bank

• Limited Company Buy to Let - up to four directors/shareholders (must be the same people) and have 100% shareholding.
• Self-employed - Profit before tax plus remuneration (100% shareholding across applicants).
• Joint Borrower, Sole Proprietor - Four applicants and 100% of all applicants acceptable income considered. Joint borrower can also reside in the property.
• Contractors - Contracting history not required for customers with previous industry experience.
• Interest only - Affordability calculated on interest only. Multiple repayment strategies considered

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

Removal of £100,000 rental limit

We have removed the maximum accepted annual rental limit of £100,000 across all our buy to let loan sizes. This change will allow greater flexibility for customers with higher rental income properties, ensuring we continue to meet the evolving needs of our customers.

Some things to note…

• Tenancy:
  • Common Law Tenancies where rental is over £100,000 and the term is a maximum period of 12 months are now acceptable. Other types of Common Law Tenancies, such as letting to a company or the Landlord being resident, are not accepted.
• All other terms and conditions remain unchanged

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

If your enquiry is £1m or over, our Large Loan Specialist has the expertise to discuss complex cases and find the right solutions for your customers. Find out more.