We’ve further strengthened our buy to let proposition by lowering our minimum loan size to £50,000 for all new business applications across personal, limited company, HMO and MUFB lending.
Buy to Let highlights
- Maximum 80% LTV for personal and limited company applications
- Adverse credit history – Directors who have previous defaults/CCJ’s and missed payments.
- Limited Company Buy to Let – ICR calculated @ 125% of mortgage interest, broad solicitor panel.
- HMO/MUFB – available up to 75% LTV for both personal names and Limited Company. Maximum 6 tenants for HMO, 6 units for MUFB.
- Top slicing from earned income to support personal BTL applications, this does not include HMO & MUFB.
- Maximum age 85 (term based on the oldest applicants age).
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 your calls, however you may be charged by your service provider.
Your customers home may be repossessed if they do not keep up repayments on their mortgage. Lending is subject to meeting Metro Bank’s eligibility criteria.