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Metro Bank increases LTV limits
We have made some enhancements to our residential maximum loan sizes, providing your customers with greater flexibility and choice.
So, what’s new?
Please note - New Builds are still restricted to maximum loans of £1m at 85% LTV and £675k at 90% LTV.
For full details, please refer to our Mortgage Lending Criteria Guide and Product Guides.
Flexible Joint Borrower, Sole Proprietor solutions
Great news! We’ve enhanced our JBSP criteria to allow spouses and non-related applicants to support the mortgage application and reside in the property without being party to the deeds. JBSP continues to be a popular solution for parents helping their children onto the property ladder, or for couples going through a separation. Our most recent enhancements could help you assist more of your customers in today’s challenging market.
Meet James
James, currently renting a flat with his friend Ross, is eager to transition to homeownership. He recently established his own business which means at this stage, has no accounts or means to prove his income. Ross has a full-time job and accumulated savings and is keen to continue living with James and support him get on the property ladder.
And how we can help…
Following our recent enhancements, the Joint Borrower, Sole Proprietor mortgage would allow James and Ross to be listed on the mortgage, with only James’ name appearing on the property deeds. We would accept deposits from both parties and allow them to reside in the property.
Residential Core Range JBSP highlights
For full details, please refer to our Mortgage Lending Criteria Guide and Product Guides.
Our BDM Team are here and available to help with new case queries. Please get in touch with your BDM or call our Broker helpdesk on 0203 427 1019.
Helpdesk opening hours:
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Thursday, 10am to 5.30pm
Saturday & Sunday, closed
For use by FCA Authorised Intermediaries only.