Metro Bank has upgraded its mortgage platform, preparing the lender for the launch of a range of shared ownership and buy-to-let limited company products.  

The move also streamlines its current mortgage processes for brokers and customers.  

The lender says intermediaries will be able to speed up its home loan process by being able to request a day one valuation in more cases, rather than wait for initial underwriting to be completed.  

It adds that administrators will also be able to manage home loan applications after submission, “allowing them to keep a case moving quickly through the system to offer”.  

However, the bank has not laid out a timetable for the introduction of its new shared ownership and landlord range.   

Metro Bank director of mortgage distribution Charles Morley says: “The transformation is a significant milestone in our journey and provides the foundation to be much more flexible in the markets we choose to operate in, including our new upcoming products for shared ownership and limited company BTL markets.”    

“Entering these markets allows us to continue to build and develop a wider breadth of mortgage products, which we have been doing successfully over recent years and further enables us to support the needs of more mortgage customers.”  

“Completing the platform upgrade allows us to enter these new markets, I don’t have a timescale for products yet.”