Metro Bank has lowered its minimum buy-to-let (BTL) loan size from £100,000 to £50,000 for all new business applications.
The change applies across personal, limited company, house in multiple occupation (HMO) and multi-unit freehold block (MUFB) lending.
Charles Morley, director of mortgages distribution at Metro Bank, said: “We’re pleased to announce the reduction of our minimum Buy to Let loan size to £50,000.
“This announcement reflects our ongoing commitment to strengthening our mortgage offering and we remain dedicated to supporting borrowers with flexible, accessible finance solutions.
“This change also reflects regional variations in average property prices, to enable prospective landlords across the country increased opportunities to invest.”
