Metro Bank

Proc fees - when your proc fee will be paid

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.  

Bringing mortgages home, together

Why choose Metro Bank mortgages?

Residential

• Maximum age 80 (term based on the oldest applicants age) – using employed/self-employed income if a non-manual role. 
• Joint borrower, sole proprietor – up to 4 applicants and 4 incomes considered, additional borrower(s) can be non-family and reside in the property.
• Adverse credit history – customers with low credit score, previous defaults, arrears or recently settled IVA’s all considered.
• Self-employed – profit before tax plus directors salary where 100% shareholding. Average taken over the last 2 or 3 years (whichever higher).  
• Interest Only – up to 80% LTV (85% LTV using part & part). Affordability calculated on interest only. Sale of subject property and other repayment strategies accepted.

Buy to Let

• Maximum LTV 80% – personal and limited company, on both houses and flats.
• Adverse credit history – Directors who have previous defaults/CCJ’s and missed payments.
• Limited Company Buy to Let – ICR calculated @ 125% of mortgage interest, broad solicitor panel.
• HMO/MUFB – available for both personal names and Limited Company. Maximum 6 tenants for HMO, 6 units for MUFB.
• Top slicing from earned income to support personal BTL applications.
• Maximum age 85 (term based on the oldest applicants age).

For full details, please refer to our Mortgage Lending Criteria Guide and Product Guides.