Following our recent launch, here’s an example of the type of customer we may be able to help, subject to meeting our lending criteria and affordability requirements.

Customer 

• Two first-time buyers looking to purchase a home for £300,000
• Launched their own business in the last two years, leaving them with limited usable income
• Have invested their savings into the business, so no deposit available

Scenario 

• Parents want to support their daughter and her partner’s purchase
• Both parents are 49 years old, are self-employed and own 100% of their limited company
• Parents’ company has generated an average £100,000 profit before tax over the last two years

Solution 

• Affordability assessed using the parents’ income alone
• 30-year term available, taking the parents to age 80 at their next birthday
• Helping first-time buyers achieve homeownership while their own business becomes established

All applications are subject to underwriting, lending criteria and affordability assessment. For full details, please refer to our Mortgage Lending Criteria Guide and Product Guides.

Got a case to discuss?

Get in touch with your local BDM; they would love to hear from you. Find your BDM here. Or call our Broker helpdesk on 020 3427 1019. Metro Bank won’t charge you for your calls, however you may be charged by your service provider.