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Metro Bank.

Metrobank

How to register with this lender as a new user

To access the Metro Bank Mortgage Portal, please use the links below , click on the register/sign in tab and follow the simple instructions.

To initially register to use The Mortgage Portal

To login in to The Mortgage Portal after registration

How to add Mortgage Club as a payment route with this lender

As part of the registration process Legal & General Mortgage Club will be automatically added as a payment route.

When you submit your application please select ‘Legal & General Mortgage Club’ as the payment route from the options provided.

How to contact this lender

For more details on their latest products, lending criteria or a potential specific application, please call their dedicated Intermediary Mortgage Team:

Andy Stubbs
Mobile:
07951499606
Email: andy.stubbs@metrobank.plc.uk

Liam Lawlor
Mobile:
07951 518720
Email: liam.lawlor@metrobank.plc.uk

 

Who are Metro Bank

Metro Bank is Britain’s first new high street bank in over 100 years aiming to revolutionise the banking industry by creating ‘FANS’ not Customers. With extremely strong deposits, Metro Bank are looking to substantially increase lending through their very personal, flexible and competitive mortgage proposition. Lending available in England and Wales subject to a minimum purchase price/valuation of £100,000.

What this means for intermediaries…

  • Personal underwriting means more flexibility on your customer’s financial situation.
  • Comprehensive support through our team of hand-selected Business Development Managers.
  • Dedicated Broker Helpdesk to assist at any stage of an application.
  • Online Mortgage Portal offers a standalone affordability calculator, the ability to submit an AIP or Full Mortgage Application, carry out a KFI, upload documents and track existing cases and new Rate Switching Portal.
  • Informative Intermediary website www.metrobankonline.co.uk/intermediaries .

Why choose Metro Bank for a Mortgage

  • Comprehensive Residential and Buy-to-Let ranges offering very attractive fixed 2, 3 & 5 year fixed and tracker rate mortgages.
    Common sense underwriting.
  • New Build – Residential lending available up to 85% LTV & BTL lending available up to 75% LTV for both houses and flats; Builder Incentives accepted up to 5% of the purchase price (deposit must be from applicant’s own resources).
  • Joint borrower, sole proprietoravailable on residential and BTL loans.
  • Buy-to-Let is available up to 75% LTV: No minimum income (subject to rental void plausibility checks).
  • BTL Portfolio now increased to 10 properties with Metro Bank (Maximum 15 in total).
  • We will now accept top slicing from earned income to support buy to let applications. Applicants must have a minimum income, from non-property related sources, of £75,000 single and £100,000 joint and a full assessment of applicant’s income and expenditure will be undertaken to confirm affordability.
  • On BTL our maximum age at the end of the mortgage term is 80 years.
  • Remortgage packages available for both Residential and Buy to let cases (free valuation and legals): Residential and BTL - property values up to £2m.
  • Bonus, Overtime and Commission-  100% of the average of the last three years will be considered, (subject to stability of the annual amounts, see lending policy for full details).
    Tier 2 Visas will be considered (Maximum LTV 75%), minimum income £75,000, Capital and Interest loans only and sponsorship required.
  • Large loan specialist for cases over £1.5 million.
  • Fixed fee & Fees Free options available.
  • 20% annual overpayment allowed (of the initial amount borrowed) on Residential mortgages (10% for Buy to Let).
  • Maximum mortgage term – 35 years on both Residential and Buy to let loans.
  • Annual (rather than monthly) capital repayment option available for employed individuals whose remuneration includes a significant proportion of annual bonus, subject to a track record of cash bonus payments with the existing employer.
  • Interest only available up to 70% LTV with a credible and provable repayment strategy in place from the outset.
    Downsizing accepted up to 50% LTV for properties over £2 million, with another repayment method accepted up to 75% LTV – 50% to 70% can be interest only with repayment vehicle and up to 75% if capital and interest used.
  • Sale of subject property accepted up to 70% for second homes (not for a dependent relative) up to 85% accepted if capital and interest used.
    Part and part available up to 85% with no more than 70% on interest only.
  • Contract Workers supported – no restriction in industry or contact amount
  • We won't cross-sell other products directly to your customers, we don’t even offer investments or insurance products so you can feel confident that you have a lender you can trust.
  • Procuration Fees are paid even for retention products - subject to a maximum payment of £20,000 per Mortgage.

Local Business Development Managers can:

  • Discuss new mortgage cases and assist on lending policy
  • Pre approve more complex cases with underwriters when needed
  • Help with unusual queries where information is not readily available on the website
  • Arrange face-to-face meetings and/or training for new and existing intermediaries
  • Explore new business opportunities for intermediaries
  • Provide market insight and trends.

Next steps

Get in touch with your Local Business Development Manager – they love to hear from you - their contact details can be found on our intermediary website.  

Alternatively, contact the Broker Helpdesk
Call 0203 427 1019 or
Email intermediary.enquiries@metrobank.plc.uk

Who are Metro Bank
Metro Bank is Britain’s first new high street bank in over 100 years aiming to revolutionise the banking industry by creating ‘FANS’ not Customers. Withextremely strong deposits, Metro Bank are looking to substantially increase lending through their very personal, flexible and competitive mortgage proposition. Lendingavailable in England and Wales subject to a minimum purchase price/valuation of £75,000.

What this means for intermediaries…

  • Personal underwriting means more flexibility on your customer’s financial situation.
  • Comprehensive support through our team of hand-selected Business Development Managers and Business Development Consultants.
  • Dedicated Broker Helpdesk to assist at any stage of an application.
  • Online Mortgage Portal offers a standalone affordability calculator, the ability to submit an AIP or Full Mortgage Application, carry out a KFI, upload documents and track existing cases and new Rate Switching Portal.
  • Informative Intermediary website


    Why choose Metro Bank for a Mortgage
  • Comprehensive Residential and Buy-to-Let ranges offering very attractive fixed 2, 3 and 5 year fixed and tracker rate mortgages.
  • Common sense approach to lending
  • Joint borrower, sole proprietor available on residential and buy to let loans
  • 20% annual overpayment allowed (of the initial amount borrowed) on Residential mortgages (10% for Buy to Let)
  • Annual (rather than monthly) capital repayment option available for employed individuals whose remuneration includes a significant proportion of annual bonus, subject to a track record of cash bonus payments with the existing employer.
  • Interest only available up to 75% LTV with a credible and provable repayment strategy in place from the outset
  • Downsizing is available  - Refer to policy for further details
  • Contract Workers supported – no restriction in industry or contact amount
  • Buy-to-Let No minimum income (subject to rental void plausibility checks); Buy to let portfolio – 10 properties with Metro Bank (Maximum 15 in total); Maximum age at the end of the term is 80 years; Up to 4 applicants on an application considered of which the 3rd and 4th borrower do not require to be relatives
  • Top slicing from surplus earned income can be used to support Buy-to-Let applications
  • Large loan specialist – loans considered up to £10m
  • New Build – Residential houses and flats up to 85% LTV; Buy to let houses and flats up to 75% LTV
  • Flexible approach taken to self-employed income
  • Procuration Fees are paid even for rate switch products - subject to a maximum payment of £20,000 per Mortgage

For full details on the points detailed above please refer to our “Mortgage Lending Criteria Guide”

Local Business Development Managers can:

  • Discuss new mortgage cases and assist on lending policy
  • Pre approve more complex cases with underwriters when needed
  • Help with unusual queries where information is not readily available on the website
  • Arrange face-to-face meetings and/or training for new and existing intermediaries
  • Explore new business opportunities for intermediaries
  • Provide market insight and trends.

Next steps
Get in touch with your Local Business Development Manager – they love to hear from you.

Simply click on to our website where their details will be located – metrobankonline.co.uk/intermediaries or alternatively, contact the Broker Helpdesk on 0203 427 1019

Submitting an application

Doing business with Metro Bank is easy

To access the Metro Bank Mortgage Portal, please use the following links below and then click on the register/sign in tab and then follow the simple instructions:

To register to use The Mortgage Portal - https://intermediaries.metrobankonline.co.uk/Molregistration/

To login in to The Mortgage Portal at any time after registration - https://intermediaries.metrobankonline.co.uk/firstcharge.

As part of the registration process the Club/Network you are assigned to will be added as a payment route. When you submit your application please select ‘the Club/Network you are assigned to’ as the payment route from the options provided.

Once registered you’ll be able to:

  • Check affordability on the calculator
  • Carry out an AIP
  • Submit a Full Mortgage Application
  • Upload documents
  • Live case tracking
  • Produce a KFI
  • Switch a rate for an existing customer
 
Metrobank Fee received from
lender (Gross fee)
We'll pay you
(Net fee)
Residential 0.400% ( max £20,000) 0.380% ( max £20,000)
Buy to Let 0.430% ( max £20,000) 0.410% ( max £20,000)
Rate Switch - Residential 0.200% 0.190%
Rate Switch - Buy to Let 0.200% 0.190%

Need help?

Call our Mortgage Support Services team on 
01226 230 504

Monday to Friday, 9am to 5.30pm. We may record and monitor calls.

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