Metro Bank has announced an increase in its maximum loan sizes across its entire buy-to-let mortgage range, including its Limited Company Buy to Let product launched in July last year. The changes reflect the bank’s ongoing commitment to supporting landlords and the buy-to-let market.
Charles Morley, director of mortgage distribution at Metro Bank, said: “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.”
The new maximum loan sizes vary depending on the loan-to-value (LTV) ratio. At 75% LTV, the maximum loan size is now £2m, increasing to £2.5m at 70% LTV, £3m at 65% LTV, and £10m at 60% LTV. Loans over £10m are available at a maximum of 50% LTV.
