Metro Bank has lifted maximum loan sizes across the entire buy-to-let range.
The challenger lender adds its limited company BTL product, launched last July, is included in the move.
It new loan amounts are:
- Maximum 75% up to £2m loan amount
- Maximum 70% up to £2.5m loan amount
- Maximum 65% up to £3m loan amount
- Maximum 60% up to £10m loan amount
- Maximum 50% over £10m loan amount
The bank says it was previously unable to lend over £2m due to lending policy restrictions.
Metro Bank director of mortgage distribution Charles Morley says: “Metro Bank has a dedicated team to help your clients take the next step to becoming a landlord with a wide range of BTL mortgages and remortgaging options.
“Mortgage negotiations can be stressful and I’m proud of the personal and straightforward service we provide, ensuring focused and dedicated support throughout the process.”
