Metro Bank increases maximum buy-to-let loan sizes
Maximum loan sizes now range from £2,000,000 to over £10,000,000 depending on the maximum LTV.
Metro Bank has increased maximum loan sizes across its entire buy-to-let mortgage range.
This includes its limited company buy-to-let product which the Bank launched in July last year.
The new maximum loan sizes are:
. 75% LTV - up to £2,000,000 loan amount
. 70% LTV - up to £2,500,000
. 65% LTV - up to £3,000,000
. 60% LTV - up to £10,000,000
. 50% LTV - over £10,000,000
Charles Morley, director of mortgage distribution at Metro Bank, commented: “Metro Bank is committed to the buy-to-let market and to our position as the number one specialist lender on the high street.
“Metro Bank has a dedicated team to help your clients take the next step to becoming a landlord with a wide range of buy-to-let mortgages and remortgaging options. Mortgage negotiations can be stressful and I’m proud of the personal and straightforward service we provide, ensuring focused and dedicated support throughout the process.”
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