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Metro Bank joins Connect Mortgage Club BTL panel

Connect Mortgage Club has appointed Metro Bank to its specialist buy-to-let panel.

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Rates range from3.69 per cent at 65 per cent LTV to 4.09 per cent at 75 per cent LTV, with a maximum loan size of £5m, interest-only periods and is available to landlords with residential portfolios of up to six properties.

Metro Bank currently has 13 branches in the UK and aims to have 200 in operation by the end of 2020.

The lender raised £126m to support new branch openings in June and revealed it was considering a floatation on the London stock exchange in 2014.

Connect Mortgage Club head of business development Kevin Ward says Metro Bank is primarily looking for business in London and the South East.

He says: “In contrast to established high street lenders, Metro Bank is keen to promote the value of knowing their customers. They are placing more emphasis on human underwriting expertise rather than technology, which is will be very refreshing for our brokers, who are tired of the total reliance on credit scoring.”

Metro Bank market development director Yvonne Bear says: “We are delighted to be working with Connect Mortgage Club. We are keen to build a presence in the buy-to-let market and look forward to building a long lasting relationship with Connect Mortgage Club and its supporting intermediaries.”

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