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Metro Bank, One Southampton Row, London, WC1B 5HA

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

Paid by PMS

For details of when your proc fee will be paid, please click on the button below.

Paid by PMS

Proc Fees

Product	Gross	Net
Residential	0.40%	0.38%
Buy to Let	0.43%	0.41%
Product Transfers	0.3%	0.28%

Proc fees - when your proc fee will be paid

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.

Mortgages as individual as your most individual individuals

Post Code Restrictions:

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

Register

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?

Residential

Maximum 95% LTV - houses and flats (new build 90%)
Customers with a less than perfect credit profile – subject to full assessment and a credit score pass
Enhance income multiples for high earners and professionals
Joint borrower, sole proprietor
Up to four applicants, all incomes considered
Continued support for self-employed – there will be a requirement to demonstrate the sustainability and profit of the business
60% Bonus/commission/overtime
Maximum age 80 considered – term based on the oldest applicants age
Contractors – will consider any profession not just IT workers
Second homes maximum LTV up to 85% considered

Buy to Let

Maximum 75% LTV
Top slicing from earned income to support BTL applications
Maximum age 85 (mortgage term based on the oldest applicant)
Limited Company Buy to Let

Key Features

National Business Development Team
Practical, flexible and easy-to-understand mortgages
Individual case underwriting, when needed
An online portal for all your applications, rate switching and real-time case tracking

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