Metro Bank has removed the maximum accepted annual rental limit of £100,000 across its buy-to-let (BTL) product range. 

Common law tenancies where rental is over £100k and the term is a maximum period of 12 months are now acceptable. 

Other types of common law tenancies, such as letting to a company or the landlord being resident, are not accepted.

Metro Bank director of mortgage distribution Charles Morley says: “Metro Bank is committed to the BTL market and to being the number one specialist lender on the high street.”

“Removing annual rental limits for rented properties means that we can continue to support landlords across the country.”

Earlier this month, Metro Bank reported that net loans totalled £9.1bn in Q3 of this year, 22% down on the previous three months following a mortgage portfolio sale.