Metro Bank
Metro Bank

Metro Bank

Metro Bank is here to revolutionise banking by creating fans not customers. With a national Business Development Manager presence and a highly experienced underwriting team, Metro Bank aims to provide a fast, efficient and reliable service to their mortgage partners and customers.

Metro Bank’s Residential and Buy to Let products all follow the same principle: to be straight forward, easy to understand and geared towards the needs of the customer, whether they’re a First Time Buyer or an experienced landlord.


Key Features  Tools & Calculators


Proc Fees

Product Gross Net
Residential 0.40% 0.38%
Buy to Let 0.43% 0.41%
Product Transfers 0.3% 0.28%
Product Type When does the lender pay PMS? Frequency
All Following week after completion. Weekly.
Product Switch Within 30 days of completion. Weekly.

Lenders send payments by BACS which can take anything up to 5 working days to clear at PMS. PMS then make payment to brokers once the funds have cleared in our account.  

Join the revolution

Post Code Restrictions: Lender-InfoBoxWhite

We lend in England, Wales and Scotland (Scottish postcodes covered - DD, DG, EH, FK, G, KA, KY, ML, PA, PH, TD)

Register Lender-InfoBoxWhite

Register to place business with Metro Bank:

*Please select that you are a PMS Mortgage Club member when registering, placing business or checking existing payment route to ensure you receive the procuration fee quoted by PMS.


Why choose Metro Bank mortgages?

  • We lend in England, Wales and Scotland (Scottish postcodes covered -DD, DG, EH, FK, G, KA, KY, ML, PA, PH, TD)
  • Common sense approach to lending
  • Online Rate Switching Portal – select a new product up to 3 months early without incurring
  • any ERC. A procuration fee is paid
  • Joint borrower, sole proprietor
  • Up to four applicants on a mortgage with all incomes considered
  • Flexible approach taken to self-employed income
  • Contract workers from all industries
  • Up to 90% LTV
  • Second homes up to 85% LTV
  • Large loans considered up to £10m
  • 20% annual overpayment allowed (of the initial amount borrowed) on residential mortgages
  • (10% for Buy-to-Let)
  • Buy-to-Let – no minimum income (subject to rental void plausibility checks)
  • Top slicing from earned income to support
  • Buy-to-Let applications
  • BTL Proposition – up to 5 properties with Metro Bank (maximum 10 in total)
  • Consumer Buy-to-Let

For full terms and conditions on the points detailed above please refer to our “Mortgage Lending Criteria” guide.

We love to hear from you

If you have any questions please contact your local Business Development Manager or our Broker Help Desk: 0203 427 1019


Guides, calculators and useful links