Dec 14
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Metro Bank launches BTL portfolio proposition
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Published by FT Adiser on Thursday, 11 December 2014, By Emma Ann Hughes
Metro Bank has launched a new buy-to-let proposition for its customers, enabling them to hold up to 25 properties in their portfolio.
The lender will allow 25 buy-to-let properties up to a value of £5m and 75 per cent loan-to-value for the portfolio.
It will accept rental income to cover the interest commitment of the loan by 125 per cent, at a stress test rate of 5.5 per cent for the aggregation of the total loan.
