Mortgages as individual as your most individual individuals

Who are Metro Bank

Whether your customers are first-time buyers or experienced landlords, it’s important to find the right products that come with individual support. We’ve designed our mortgages to be practical, flexible and easy to understand, and our specialist team is on hand to help – so expert advice is right there when it’s needed.

Lending available in England, Wales and Scotland (Scottish postcodes do not cover – HS, KW or ZE) subject to a minimum purchase price/valuation of £75,000.

What this means for intermediaries…

• Personal underwriting means more flexibility on your customer’s financial situation. 
• Comprehensive support through our team of Business Development Managers and Business Development Consultants.
• Dedicated Broker Helpdesk to assist at any stage of an application.
• Online Mortgage Portal offers a standalone affordability calculator, the ability to submit an AIP or Full Mortgage Application, carry out a Mortgage Illustration, upload documents and track existing cases and access the Rate Switching Portal.
• Informative Intermediary website

Why choose Metro Bank for a mortgage

Residential

• Maximum 95% LTV for residential  – houses and flats (90% LTV for new build)
• Customers with a less-than-perfect credit profile – subject to full assessment and a credit score pass
• Joint borrower, sole proprietor 
• Up to four applicants on the mortgage, all four incomes considered
• Enhance income multiples for high earners and professionals
• Continued support for self-employed – there will be a requirement to demonstrate the sustainability and profit of the business
• 60% Bonus/commission/overtime used from the last year
• Maximum age 80 considered – term based on the oldest applicants age
• Contractors – will consider any profession not just IT workers
• Second homes maximum LTV up to 85% considered 

Buy to Let

• Maximum 75% LTV for buy to let
• Top slicing from earned income to support buy to let applications
• Maximum age 85 (mortgage term based on the oldest applicant)
• Limited Company Buy to Let

Rate Switching – no product fee for residential loans up to £2m, switch up to 3 months early with no ERC, up to 0.3% procuration fee paid

For full details on the points detailed above please refer to our “Mortgage Lending Criteria Guide”

Local Business Development Managers are available to:

• Discuss new mortgage cases and assist on lending policy
• Pre-qualify cases before submission
• Explore new business opportunities for intermediaries
• Provide market insight and trends.

Next steps

Get in touch with your Local Business Development Manager – they love to hear from you.

Simply use our tool which allows you to enter your postcode and find your local BDM at the click of a button - or alternatively, contact the Broker Helpdesk on 0203 427 1019

Submitting an application

Doing business with Metro Bank is easy.

To access the Metro Bank Mortgage Portal, please use the following links below and then click on the register/sign in tab and then follow the simple instructions:

To register to use The Mortgage Portal.

To login in to The Mortgage Portal at any time after registration.

As part of the registration process the Club/Network you are assigned to will be added as a payment route. When you submit your application please select ‘the Club/Network you are assigned to’ as the payment route from the options provided.

Once registered you’ll be able to:

• Check affordability on the calculator
• Carry out an AIP
• Submit a Full Mortgage Application
• Upload documents
• Live case tracking
• Produce a Mortgage Illustration
• Switch a rate for an existing customer