Metro Bank has increased the maximum loan size for its buy-to-let (BTL) products and made some changes to its criteria.

The maximum loan size for its 75% LTV BTL mortgages has gone up from £750,000 to £2m.

As well as this, the lender is also accepting ex-local authority flats and properties with thatched roofs on its applications.

Late last year, Metro increased the maximum LTV offered on its BTL range and lowered its five-year fixed stress rate from 4% to 3.5%.

Metro director of mortgage distribution Charles Morley comments: “In recent months we’ve increased several of our maximum LTVs, reduced rates and also cut the stress test rate we apply on loans up to 75% LTV.

“Alongside the fact that we have no minimum income requirements, a maximum applicant age of 85 upon completion of the loan and allowing up to four unrelated applicants on each BTL mortgage application, we’re seeing significant interest from the market in our BTL offering.”