Getting started
How to register with this lender as a new user
To register to use The Mortgage Portal.
How to add Mortgage Club as a payment route with this lender
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.
How to contact this lender
Get in touch with your Local Business Development Manager – they love to hear from you.
Simply use our tool which allows you to enter your postcode and find your local BDM at the click of a button - metrobankonline.co.uk/intermediaries/find-your-local-bdm/ or alternatively, contact the Broker Helpdesk on 0203 427 1019.
Procuration Fees
| Fee received from lender (Gross fee) | We'll pay you (Net fee) | |
|---|---|---|
Residential | 0.400% | 0.380% |
Buy to Let | 0.430% | 0.410% |
Rate Switch - Residential | 0.300% | 0.285% |
Rate Switch - Buy to Let | 0.300% | 0.285% |
Who are we?
Metro Bank is a leading specialist lender, committed to providing mortgage intermediaries and their customers with clear and consistent mortgage solutions.
Since 2016, we have built a reputation for common-sense underwriting, a strong service ethos and a genuine partnership approach with the intermediary sector.
Our mortgage range covers residential and buy-to-let lending, including limited company, HMO and MUFB options, as well as solutions for customers with complex incomes or near-prime profiles. We combine expertise with a personal approach, helping brokers and customers achieve their goals – truly bringing mortgages home, together.
Lending available in England, Wales and Scotland (Scottish postcodes do not cover – HS, KW or ZE) subject to a minimum purchase price/valuation of £75,000.
What we do
Residential
- Maximum age 80 (term based on the oldest applicants age) – using employed/self-employed income if a non-manual role
- Joint borrower, sole proprietor – up to four applicants and four incomes considered, with lending available up to 95% LTV where supporting borrowers are non-family members, and up to 100% LTV where all borrowers are immediate family members (subject to criteria)
- Adverse credit history – customers with low credit score, previous defaults, arrears or recently settled IVA’s all considered
- Self-employed – profit before tax plus directors salary where 100% shareholding. Average taken over the last 2 or 3 years (whichever higher)
- Interest Only – up to 80% LTV (85% LTV using part & part). Affordability calculated on interest only. Sale of subject property and other repayment strategies accepted
Buy to Let
- Maximum LTV 80% – personal and limited company, on both houses and flats
- 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 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
- Maximum age 85 (term based on the oldest applicants age)
For full details, please refer to our Mortgage Lending Criteria Guide and Product Guides.