Metro Bank: 90% on New Build Residential Houses and Flats and Capital Raising Remortgage to 90%

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
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