The bank underwrites mortgage applications on an individual basis to ensure that customers' personal circumstances are taken into account. New customers benefit from one single point of contact throughout the application process, and brokers can submit applications through the Metro Bank online mortgage portal.
Metro Bank's 2014 financial statements show that total deposits grew to £2,867 million, representing growth of 118% over 2014 and quarterly growth of 22%. Lending to business and personal customers more than doubled over 2014, reaching £1,597 million at the end of Q4, an increase of 112% year on year.
Huw Lewis, Sales and Marketing Director of LMS, said:
"We are delighted to announce our partnership with Metro Bank and our general panel management service will provide them with a level of management, security and service that is second to none. We look forward to building a long term and growing relationship with them."
Charles Morley, Head of Mortgage Distribution at Metro Bank, commented:
"At Metro Bank we're always looking for new ways to make things even more convenient for our customers. We're pleased to therefore to be partnering with LMS, which will simplify the process for our broker partners and our customers in identifying and appointing a conveyancing panel manager. We look forward to working closely with LMS going forward."