Why use Metro Bank for interest only mortgages?
Metro Bank’s Interest Only Mortgage Range gives your customers the flexibility to choose how they repay their mortgage.
Interest only highlights
- Up to age 80 for all acceptable repayment strategies
- Debt consolidation accepted
- 50% LTV sale of subject property with up to 75% overall on Part & Part – minimum property value of £600,000
- Maximum 85% LTV for Part & Part – 75% LTV for all other interest only repayment strategies with additional 10% on capital and interest
- Second homes up yo 85% LTV, 75% Interest Only sale of property acceptable – with no minimum property value – not available on Professional Range
- Minimum income of £50,000 required
Use Metro Bank’s affordability calculator here to calculate all Interest Only & Part and Part Mortgages.
For information on their packaging requirements please refer to their Packaging Guided here.