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Metro Bank Buy to let mortgage

Metro Bank Buy to let mortgage

Metro Bank - Buy to Let Mortgage

Metro Bank are a new Bank in the UK

Currently with 36 stores in Greater London, they have plans to open 200 stores nationally by the year 2020

Metro are currently offering the following buy to let mortgage rates...

Metro Bank 2 year fix at 2.99%
Typical APRC 4.43%

borrow up to 75% of value
999 lenders fee

Metro Bank 5 year fix at 3.49%
Typical APRC 4.32%

borrow up to 75% if value

999 lenders fee

We do not charge any broker fees. If you are interested in a buy to let mortgage with Metro Bank please fill in our enquiry form

Metro are currently only lending against property in England and Wales

Property value must be at least 150,000

No first-time buyers (never owned a property before).

Evidence of income is required in all cases

Metro use a Buy to Let affordability rate of 5.5% to work out the annual mortgage costs.

The rent must be greater than the mortgage balance x Buy to Let affordability rate x 125%.

Metro Bank Lending Criteria

Metro Bank will occasionally negotiate special deals . We have access to these deals