Many customers are emerging from IVAs and looking to re-enter the mortgage market after completing their arrangements. Metro Bank’s Near Prime Range considers settled IVAs as soon as the completion certificate is issued and offers a clear pathway back to homeownership.
Sarah, IT Contractor
- Entered an IVA five years ago after income disruption during the pandemic
- Successfully completed her IVA only 1 month ago, the credit report hasn’t updated yet but Sarah has her completion certificate to evidence the IVA has been settled
Metro Bank solution
- Accepted as soon as IVA completed – no waiting period required
- Opportunity for Near Prime customers to move onto our Core Range at the end of their fixed rate period
- Maximum LTV of 85% LTV
- Interest only, Repayment and Part and Part options
- Loans available from £50,000 – £750,000 for purchase and re-mortgage
All applications are subject to application score card and underwriting assessment.
For full details, please refer to our Mortgage Lending Criteria Guide and Product Guides.
Got a case to discuss?
Get in touch with your local BDM; they would love to hear from you. Find your BDM here. Or call our Broker helpdesk on 020 3427 1019. Metro Bank won’t charge you for you calls, however you may be charged by your service provider.