Metro Bank has completed a product-wide refresh of its Near Prime residential mortgage range.
The changes aim to provide greater choice for customers, particularly those with a less than perfect credit profile.
The refresh includes a new increased maximum loan-to-value (LTV) of 85% and an improved loan size of up to £750,000.
Metro Bank has also introduced greater repayment choice with Interest Only, and Part and Part now available.
Metro Bank has introduced higher limits for County Court Judgements (CCJs) and defaults and will now ignore any utility or communication defaults.
It has also removed any cap on unsecured arrears providing they have cleared in the last three months.
Charles Morley, head of mortgage distribution at Metro Bank, said: “Near Prime products play an essential role in the market.
“Ensuring opportunities for those who may have a less than perfect credit profile to still be able to access mortgage products for that first or next step on the property ladder.
“As a specialist lender we work very hard to ensure our product range is relevant and appropriate for our customers.
“We always listen closely to all the valuable feedback we receive from our intermediary partners and we hope this refresh will be welcomed.”
