Buy to Let Mortgages from Metro Bank
- No minimum income on Buy to Let loans (subject to rental void plausibility/affordability checks)
- First time Landlords accepted
- Consumer Buy to Let available
- Rental calculation at 140% of the mortgage payment assessed at a rate of 5.5%
- Top slicing from earned income to support buy to let applications.
- We allow 10 properties mortgaged with Metro Bank (Maximum 15 in total)
- Legal Assist and No valuation fee now available on property values up to £2m
- Maximum age at the end of the mortgage term is 80 years
- Joint Borrower Sole Proprietor considered
Please note as a result of the upcoming PRA changes, from 30th September 2017 landlords having 4 or more properties will need to supply additional information when applying for a retail Buy to Let product. Example forms will be available on our website.
For full details on the points above please refer to our Mortgage Lending Criteria Guide at:
www.metrobankonline.co.uk/intermediaries or call our Broker helpdesk on 0203 427 1019