"We’re absolutely committed to supporting the growing number of professional landlords, while also rewarding loyalty."
The bank’s portfolio BTL range allows limited companies, limited liability partnerships and professional individual investors, with up to 25 properties assessed on a cross collateralised basis, to choose from a number of product options specifically designed for their needs. For limited companies and LLPs, the rental calculation of 125% at 5.5% applies or 2% over the pay rate, whichever is higher.
Metro has also launched a new five-year fix from 3.59% and for existing customers looking to switch to a new deal, the lender has introduced a range of new fee-free products, as well as offering reduced product fees across its core range.
Mark Stokes, Managing Director Commercial Banking at Metro Bank, said: “We’re absolutely committed to supporting the growing number of professional landlords, while also rewarding loyalty. Today’s announcement is just the first of a series of initiatives that we hope will help our customers grow and develop their portfolio.”
