The bank’s portfolio BTL range allows limited companies, limited liability partnerships and professional individual investors, with up to 25 properties assessed on a cross collateralised basis, to choose from a number of product options specifically designed for their needs. For limited companies and LLPs, the rental calculation of 125% at 5.5% applies or 2% over the pay rate, whichever is higher.
Metro has also launched a new five-year fix from 3.59% and for existing customers looking to switch to a new deal, the lender has introduced a range of new fee-free products, as well as offering reduced product fees across its core range.
Mark Stokes, Managing Director Commercial Banking at Metro Bank, said: “We’re absolutely committed to supporting the growing number of professional landlords, while also rewarding loyalty. Today’s announcement is just the first of a series of initiatives that we hope will help our customers grow and develop their portfolio.”
