Metro Bank Large Mortgage Loans Specialist Announces New Exciting Criteria
Today, Metro Bank has announced significant enhancements to its large loan mortgage offerings. These changes, effective immediately, promise greater flexibility and accessibility for borrowers seeking mortgages above £1 million. As a leading whole-of-market mortgage broker and large mortgage loan specialist, our advisors at Oportfolio mortgages are well-equipped to guide our clients through these exciting developments. In this blog we will go through all the new changes announced by Metro Bank Large Mortgage Loans.
Getting A Mortgage Through Metro Bank Large Mortgage Loans
In a communication sent to our brokers this morning, Metro Bank has announced some exciting new changes to their large mortgage loan specialist criteria. Among the notable updates are the introduction of an 85% loan-to-value (LTV) product range with competitive rates starting from 5.29% for loans up to £2 million. Also, Metro Bank has increased the maximum loan-to-value ratio for loans above £1 million, with the ceiling raised to £1.125 million at 90% LTV. Allowing large loan borrowers greater flexibility, enabling them to secure substantial loans with lower deposits contributed.
5.5 Times Income For Large Mortgage Loans
The new criteria also allow borrowers to leverage up to 5.5 times their income for all four applicants on the mortgage application, extending up to 85% LTV. This expanded affordability assessment opens doors for clients to borrow more, and get more bang for their buck.
Metro Bank’s Large Loan Property Criteria
Metro Bank’s new large loan products also cater to diverse property scenarios, including large acreages, annexes, and properties with multiple income streams. However, it’s essential to note that while Metro Bank’s revised criteria offer substantial benefits, certain restrictions persist for new build properties. Maximum loans for new builds remain capped at £1 million at 85% LTV and £675,000 at 90% LTV.
Large Mortgage Loan Specialist Broker
As a whole-of-market mortgage broker specialising in large mortgage loans, at Oportfolio Mortgages we connect clients with a diverse range of lenders, including Metro Bank. While other brokers may be limited to standard high-street banks, our brokers have hundreds of options to help lots of different borrowing scenarios. With our expert guidance, clients can secure large mortgage loans with ease. Whether you’re looking for property financing for expansive estates, properties with large acreage, or other unique scenarios, we can help. Our commitment to excellence and comprehensive market knowledge ensures that clients receive bespoke solutions that align perfectly with their financial goals and aspirations.
For high-value property buyers navigating the complexities of large mortgage loans, let our brokers at Oportfolio Mortgages help you to get the best mortgage outcome possible. We offer expert guidance and access to top-tier lenders like Metro Bank so that you will always get the best solution for your mortgage needs. Contact us today to explore your options and embark on your journey towards securing the perfect large mortgage loan.
