Metro Bank reduces buy-to-let minimum loan size to £50,000
Metro Bank has today announced that it has further strengthened its buy-to-let proposition by lowering its minimum loan size from £100,000 to £50,000 for all new business applications across personal, Limited Company, HMO and MUFB lending.
The changes follow Metro Bank’s announcement last month that it was re-entering the 80% LTV buy-to-let market, as well as reducing rates across residential and buy-to-let ranges, and also follows the bank’s entry into HMO and MUFB lending earlier this year.
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.”