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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:


♣    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)  


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