Buy-to-Let Mortgages from Metro Bank

Your buy to let options

We can help you take the next step to becoming a landlord with our range of Buy to Let Mortgages and remortgaging options. We know that mortgage negotiations can be a minefield so we're proud of our personal service, and with one dedicated point of contact we've got your back.

Our current Buy to Let Mortgage rates

Download our PDF of rates to read when you like - they contain all the ins and outs of our Buy-to-Let Mortgages.

Buy to Let Mortgage Details - New Customers (PDF)(125KB)

Buy to Let Mortgage Details - Existing Customers (PDF)(89KB)

Buy to Let Requirements - PRA (PDF)(71KB)

Buy to Let Business Plan - PRA (PDF)(70KB)

Service that’s personal

Our consultants are available 7 days a week, 362 days a year. And you’ll have one point of contact through the whole process.

Find the right mortgage

Pick from our wide range of Buy to Let Mortgages. Pay back up to 10% every year with no charges.

Save on remortgaging

We can help you remortgage too. Choose from a range of cost-effective packages that can include free valuations and legal assistance.

Need a large sum?

We consider loans up to £10 million. We’ll assess these in our usual way.

Your home may be repossessed if you don't keep up repayments on your mortgage.

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The Nuts and Bolts

We’re up front with our customers about everything. We’ve created this handy summary of our Buy to Let Mortgages key features so you can see the important information from the get-go.

Our current Buy to Let Mortgage rates

Download our PDF of rates to read when you like - they contain all the ins and outs of our Buy-to-Let Mortgages.

Buy to Let Mortgage Details - New Customers (PDF)(125KB)

Buy to Let Mortgage Details - Existing Customers (PDF)(299KB)

Buy to Let Requirements - PRA (PDF)(71KB)

Buy to Let Business Plan - PRA (PDF)(70KB)

Eligibility

You can apply for a Buy to Let Mortgage if you are:

Aged 21 or over
Buying a property in England or Wales
A home owner

Our wide mortgage range

Our Buy to Let Mortgages are designed to be practical and flexible.

Loan sizes up to £5 million

For new lending the rental cover required for the property is 140% of the mortgage interest amount calculated at a stress rate of 5.50% on products other than 5 year fixed rates - for 5 year fixed rates the stress rate is 5%. The assessment of existing lending to Portfolio Landlords will be calculated at 5.50%. Earned income may be considered, conditions apply.
Not available for Limited Company Buy to Let

Want to borrow more than £5 million?

Loans up to £10 million can be tailored to your individual needs
No funds under management are needed
Discuss potential new applications either face to face or by phone with a large loan specialist
Fixed Rate products available

Early repayment

You can pay off up to 10% every year with no early repayment charges. If you pay back more than this, you’ll be charged a percentage of the repaid amount.

View our Early Repayment Charges Hide our Early Repayment Charges

Years left on initial rate	% of overpayment amount
Between 4 & 5 years	5%
Between 3 & 4 years	4%
Between 2 & 3 years	3%
Between 1 & 2 years	2%
1 or less years	1%

Your one point of contact

During our mortgage process you’ll have one point of contact from start to finish.

Our underwriters consider your individual personal circumstances. That means we can take a sensible approach if you’re self-employed, a contractor, or if there’s another reason you might have difficulty getting a mortgage. The key is that we won’t lend more than you can comfortably repay.

We pay the fees for your remortgage

We offer remortgage options that can cover most or all of the legal and valuation fees.

Legal assistance

We can appoint a reliable solicitor for you from our panel. They handle the legal process, and we handle their fees. In some unusual cases there are things we don’t cover – such as unusual search fees, change of name on title, transfer of equity and first registration of title.

We hand-pick the solicitors on our panel. However, if you’d prefer to use a different solicitor you’ll need to cover the fees yourself. (We don’t cover independent legal advice either.)

You can get legal assist for properties valued up to £2 million.

Free valuation

For properties valued up to £2 million, we can cover the cost of the basic valuation.

Download information on all fees

Mortgage Tariff Details (PDF) (175KB)

Your property may be repossessed if you don’t keep up repayments on your mortgage.

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FAQs

How much can I borrow?

It depends on how much the property costs and its rental income. The rent must be at least 140% of the mortgage payment calculated at a stress rate of 5.50% on products other than 5 year fixed rates - for 5 year fixed rates the stress rate is 5%. The assessment of existing lending to Portfolio Landlords will be calculated at 5.50%. Earned income may be considered, conditions apply.

Can I get a Buy to Let Mortgage if I don’t already own a home?

No, you need to be an owner-occupier to get a Buy to Let mortgage with us. We accept first-time landlords though.

How much deposit do I need?

It varies depending on what mortgage you have. Deposits start from a minimum of 25% of the purchase price.

How do you assess affordability?

We'll review your personal circumstances and carry out a credit check. We also take rental income into account.

Is there a maximum age I can take my mortgage up to?

Yes, the maximum age you can be at end of your mortgage term is 80.

What’s the difference between a Fixed Rate mortgage and a Tracker mortgage?

Fixed Rate mortgages have an interest rate that’s set for a fixed period of time. Your payment will stay the same during this time, no matter what other interest rates do.

Tracker mortgages are a type of variable rate mortgage that follow (track) the movements of another rate, most commonly the Bank of England base rate.