Metro Bank has increased maximum loan sizes across its buy-to-let range.
The challenger lender added that its Limited BTL product, launched in July last year, is also included in the move.
The new loan amount is:
- Up to 75% on loan amounts up to £2,000,000
- Up to 70% on loan amounts up to £2,500,000
- Up to 65% on loan amounts up to £3,000,000
- Up to 60% on loan amounts up to £10,000,000
- Up to 50% on loan amounts over £10,000,000
Charles Morley, Director of Mortgage Distribution at Metro Bank, said: “Metro Bank has a dedicated team that can help your customers take the next step and become a landlord with a wide range of BTL mortgage and remortgage options.
“Mortgage negotiations can be stressful and I’m proud of the personal and direct service we provide, ensuring focused and dedicated support throughout the entire process.”
