CCR Magazine

You are here  :Home arrow News arrow Metro Bank joins TMA panel
Contact Us Newsletter Signup RSS Feeds

Latest News Headlines

Headlines

 
Commercial Credit News

Headlines

 
Metro Bank joins TMA panel PDF Print E-mail
Monday, 27 July 2015

Metro Bank has just been appointed to TMA’s panel of lenders.  This extends the range of mortgages available to directly authorised brokers who use TMA.

Metro Bank, Britain’s first new High Street bank in over 100 years, will offer both residential mortgages up to 85% LTV and buy-to-let mortgages up to 75% LTV.  Products will include:

Residential

♣    2 year fixed 1.99% - 70% LTV
♣    5 year fixed 3.19%-  85% LTV

Buy to Let

♣    2 year fixed 2.89%- 65% LTV
♣    2 year tracker 2.89% - 75% LTV

It will also offer interest only mortgages for residential properties up to 70% LTV where there is a credible and provable repayment strategy in place from the outset.

Metro Bank will continue to provide all of the services for which it is becoming well known, including: manual underwriting, a range of mortgages with free valuations and legal fees, permitting a 20% annual overpayment on the initial amount borrowed on residential properties and 10% overpayment on buy-to-let; while it will also consider contract workers.

Charles Morley, Head of Mortgage Distribution at Metro Bank says, “Metro Bank is revolutionising banking by providing the best in service and convenience to our customers, we are delighted more customers will gain access to our mortgage products through TMA and look forward to making a real difference to the intermediaries that access the Mortgage Club.”

David Copland, director of TMA, said, “Metro Bank will be a really good addition to the TMA panel, offering highly valued products and services at very competitive rates.  This further increases the value that we can provide to directly authorised advisers in our mission to improve both the service and product offering that DAs receive from us.”

(Source - TMA Press Release)  

 
Enghouse Side Banner

 Forums International Ltd

Forums International Ltd

 Attendance at your first meeting is free of charge, and please quote reference 'CCR2016' to receive the special 10% discount off of your first annual subscription.

Find out more here.

latest issue

CCR Cover

The latest edition of CCR Magazine, the leading editorial publication in the UK credit industry, is out.

Read the latest issue online

subscriptions

CCR is the premier magazine for consumer and credit professionals. It provides an independent voice to the industry, breaking major news stories and running in-depth features.

As a magazine, it works with and campaigns on behalf of the credit industry to promote its importance as a centre of potential profit and business development to the wider business world.

Subscribe to CCR Magazine

CCR World Magazine


 

Providing information and analysis for thousands of senior credit professionals worldwide, every quarter.

Find out more

GTS Media Ltd
81 Cambridge Road
Southend-on-Sea
Essex
SS1 1EP

Registered in England No: 05483197