Some great news today from Metro Bank:
New Build Residential – we have increased the loan to value for New Build Houses and Flats to 90% Loan to value.
- NEW – Our residential products are available at up to 90% LTV
- Available on both New Build houses and flats (no maximum story height)
- Offers are valid for nine months
- Valuations on all new build cases will be instructed at the start of the underwriting process
- Builder Incentives accepted up to 5% of the purchase price. Builder incentive can include builders deposit contribution, white goods, carpets and curtains, cashback, legal fees and a contribution towards stamp duty
- New Build support team and underwriting specialists who understand the pressures of achieving a quick offer in time for exchange
Capital Raising up to 90% LTV
- We have returned to the pre Covid position of allowing capital raising for both Remortgages and Further Advances up to 90% LTV. Please note debt consolidation is limited to 80% LTV