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.

Procuration Tables

Gross fee paid by lenderProcuration fee to intermediary

Residential      0.40% (max £20,000)​
Buy to let         0.43% (max £20,000)
Retention        0.20%
Product Transfers   0.30%    

All information correct as at 12/07/2018

​Residential      0.38% (max £19,750)
Buy to let         0.41% (max £19,750)
Retention        0.19% 
Product Transfers  0.285% 

All information correct as at 12/07/2018


What this means for you...

  • Personal underwriting means more flexibility on your customer's financial situation
  • Comprehensive support through their 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 and 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 rates and tracker rate mortgages
  • Common sense underwriting
  • New build residential lending available up to 85% LTV and 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 proprietor available on residential loans
  • Buy to let and let to buy available up to 75% LTV - No minimum income (subject to rental void plausibility checks)
  • Buy to Let portfolio - 10 properties with Metro Bank (maximum of 15 in total)
  • Top slicing from earned income to support BTL applications. Applicants must have a minimum income, from non-property related sourced of £75,000 and a full assessment of applicants' income and expenditure will be undertake to confirm affordability
  • Maximum age on BTL at the end of the term is 80 years
  • Remortgage packages available for both residential and buy let cases (free valuation and legals) Residential property values up to £1.5m and BTL property values up to £1m
  • Bonus, Overtimes and Commissions - 100% of the avg. of last 3 years will be considered (subject to a stability of the annual amounts)
  • Tier 2 Visas will be considered (Max. 75% LTV), min. income £100,000, Capiatal and Interest Only and sponsorship required
  • Large loan specialist for cases over £1.5m




  • 20% annual overpayment allowed (of the initial amount borrowed) on residential mortgages (10% for BTL)
  • 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
  • Maximum mortgage term - 35 years on residential and BTL Loans
  • 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 £2m, 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
  • They 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 for retention products subject to a maximum payment of £7,500 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


One Southampton Row

​​For enquiries


Call the broker helpdesk: 0203 427 1019

Email the broker helpdesk:

[email protected]

Find your local BDM:

​Registration Process

A broker registration form needs to be completed. Registrations may be subject to restriction.

As a guide: Metro Bank will normally consider Directly Authorised applications where the Firm writes a minimum of 100 cases per year or £20m in value whichever is lower. Exceptions to this policy can be considered with rationale submitted to the Metro Bank Registrations team.