"We’ve seen significant demand for this type of mortgage following the implementation of the European Mortgage Credit Directive"
The new product will support landlords where at least one of the applicants does not own any other BTL properties and where they or a close family relative has resided in the property since its purchase.
Charles Morley, Director Mortgage Distribution at Metro Bank, said: “We’ve seen significant demand for this type of mortgage following the implementation of the European Mortgage Credit Directive and are pleased to now be able to offer the product to landlords up and down the country.
“Coming on the back of our announcement earlier this year on Portfolio BTL, today’s news demonstrates our ability to support an even wider range of customers and broker partners.”
