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Buy To Let Mortgage Hotline - Call 0117 403 4474

What is your mortgage for?

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1.19% APR

  • Fixed for 26 months
  • Overall cost for comparison 4.50%

Representative Example:

Mortgage of £100,000 on property valued at £200,000 over term of 25 years. Tracker rate for 26 months after then reverts to Platform's variable rate of 4.74%.

Call us on 0117 403 4222

1.64% APR

  • Fixed for 62 months
  • Overall cost for comparison 3.70% APR

Representative Example:

Mortgage of £100,000 on property valued at £200,000 over term of 25 years. Tracker rate for 62 months after then reverts to the Lender's variable rate of 4.74%.

Call us on 0117 403 4222

Metro Bank Buy To Let Mortgages

UK buy to let mortgage rates are at all time lows!

See below for latest market leading Metro buy to let deals or use our independent buy to let mortgage advice service to compare the market.

Details sort by initial rateLenderInitial rate Rate type Overall cost for comparisonMax LTVProduct feeMonthly cost Enquire
Initial rate: 2.79%
Rate type: Fixed 24 months
Monthly cost: £834.05 per month
Max LTV: 70%
Product fee: £1,499
Overall cost for comparison: 4.0% APRC
Metro Bank logo 2.79% Fixed 24 months 4.0% APRC 70% £1,499 £834.05 per month get quotes Call us0117 403 4474
Initial rate: 2.79%
Rate type: Fixed 60 months
Monthly cost: £834.05 per month
Max LTV: 70%
Product fee: £1,499
Overall cost for comparison: 3.7% APRC
Metro Bank logo 2.79% Fixed 60 months 3.7% APRC 70% £1,499 £834.05 per month get quotes Call us0117 403 4474
Initial rate: 2.89%
Rate type: Fixed 60 months
Monthly cost: £843.32 per month
Max LTV: 70%
Product fee: £1,499
Overall cost for comparison: 3.8% APRC
Metro Bank logo 2.89% Fixed 60 months 3.8% APRC 70% £1,499 £843.32 per month get quotes Call us0117 403 4474
Initial rate: 2.89%
Rate type: Fixed 24 months
Monthly cost: £843.32 per month
Max LTV: 75%
Product fee: £1,499
Overall cost for comparison: 4.1% APRC
Metro Bank logo 2.89% Fixed 24 months 4.1% APRC 75% £1,499 £843.32 per month get quotes Call us0117 403 4474
Initial rate: 2.89%
Rate type: Fixed 24 months
Monthly cost: £843.32 per month
Max LTV: 70%
Product fee: £1,499
Overall cost for comparison: 4.1% APRC
Metro Bank logo 2.89% Fixed 24 months 4.1% APRC 70% £1,499 £843.32 per month get quotes Call us0117 403 4474
Initial rate: 2.89%
Rate type: Fixed 60 months
Monthly cost: £843.32 per month
Max LTV: 75%
Product fee: £1,499
Overall cost for comparison: 3.8% APRC
Metro Bank logo 2.89% Fixed 60 months 3.8% APRC 75% £1,499 £843.32 per month get quotes Call us0117 403 4474
Initial rate: 2.99%
Rate type: Fixed 60 months
Monthly cost: £852.64 per month
Max LTV: 75%
Product fee: £1,499
Overall cost for comparison: 3.8% APRC
Metro Bank logo 2.99% Fixed 60 months 3.8% APRC 75% £1,499 £852.64 per month get quotes Call us0117 403 4474
Initial rate: 2.99%
Rate type: Fixed 24 months
Monthly cost: £852.64 per month
Max LTV: 75%
Product fee: £1,499
Overall cost for comparison: 4.1% APRC
Metro Bank logo 2.99% Fixed 24 months 4.1% APRC 75% £1,499 £852.64 per month get quotes Call us0117 403 4474

Representative Example:

A repayment mortgage of £120,000 payable over 28 years and 1 month initially on a fixed rate for 2 years at 1.99% and then on the lender current variable rate of 3.69% (variable) for the remaining 26 years and 1 month would require 24 monthly payments of £465.20 and 312 monthly payments of £565.39 and one final payment of £565.19.

 

The total amount payable would be £189,357.67 made up of the loan amount plus interest (£68,161.67), booking fee (£999), completion fee (£30) and valuation fee (£197).

 

In this example the overall cost for comparison is 3.7% APRC representative.

 

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY OTHER DEBT SECURED ON IT

Metro Bank Buy To Let Mortgages

Metro Buy to Let Mortgages

Fair Mortgages can provide you with a first class remortgage service. 

Special features of what we offer include:

  • Whole of market service - we cover most UK lenders
  • Great rates - Access to leading market rates
  • Exclusive deals - Access to exclusive remortgage deals not available on the high street
  • Fast turnaround - Call us if you need to move fast!
  • Less than perfect credit history? - We have lenders who will take into account previous defaults and missed payments 
  • Raising additional finance - If you are looking to raise finance we will look at all your finance options as well as remortgaging
  • Complex buy to let? More than 5 properties? - Give us a call

To investigate your mortgage options call our specialist team on 0117 403 4474 or fill in our call back form. 

Left Bullets

Buy to let mortgage market 

Before applying for a buy to let mortgage with Metro Bank, it may be beneficial to review the changes to the buy to let mortgage market regulations.

From 2017, lenders will implement a tougher income stress test.  Landlords’ income will be scrutinised under the lenders’ test to ensure that landlords can afford mortgage payments in the event that interest rates increase to 5.5%.

The majority of lenders, including Metro Bank, require landlords to provide a rental yield of at least 145% for standard buy to lets and 170% for houses in multiple occupation. In previous years, landlords only needed 125% but most lenders have increased the rental coverage ratio requirement to account for when a landlord’s property is without tenants.

For landlords with multiple properties who wish to apply to Metro Bank for a buy to let mortgage, you may need to explore their portfolio buy to let mortgage. For those who do have multiple properties, it is important to note that most lenders will review a landlord’s property portfolio in full to ensure every property is profitable. This is because lenders can no longer provide buy to let mortgages for landlords with one or more properties that are not profitable. 

Why Metro Bank for Buy to Let Mortgages?

  • Personal service – one single point of contact through your mortgage process
  • Individual case underwriting - to take account of your personal circumstances
  • A choice of two fee assisted remortgage options -up to a maximum property value of £1.5 million
  • Metro buy to let mortgages are available for loan sizes up to £2m and for customers with a maximum of 15 mortgaged properties in total, of which no more than 10 are mortgaged with Metro

To investigate your buy to let mortgage options, call our specialist team on 0117 403 4474 or fill in our call back form. 

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Call or Request Call Back from our Buy to Let Broker Team

Call us for a FREE initial conversation on 0117 403 4474 about your Metro buy to let mortgage options or request a callback.

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Buy to Let Mortgages