Metro Bank commits to portfolio buy-to-let lending

Ryan Bembridge

September 20, 2017

Metro Bank has committed to portfolio buy-to-let lending from 30 September when the Prudential Regulation Authority underwriting rules come into force.

Landlords with four or more mortgage buy-to-let properties must provide a portfolio schedule, an assets and liabilities schedule, a cash flow and bank statements covering the previous three months.

If they have not purchased a buy-to-let property in the past 12 months they will need to provide a business plan.

Charles Morley, director of mortgage distribution at Metro Bank, said: “We remain committed to the buy-to-let portfolio market and the small number of changes announced mean brokers and landlords can feel rest assured that the simple and straightforward application process that they’ve come to expect with Metro Bank, will continue.”

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