Metro Bank
BankMetro Bank was the first new high street bank to launch in the UK in over 100 years, bringing a customer-first approach with extended opening hours and in-store service. It offers residential, buy-to-let, and commercial mortgage products with a focus on personal service and rapid decision-making.
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Lending Focus
Metro Bank offers mortgage products across 3 categories including Residential, Buy-to-Let, Commercial.
Key Features
- Seven-days-a-week store opening for face-to-face mortgage advice
- Commercial and professional buy-to-let mortgage products
- Rapid underwriting with quick decision turnaround
- Manual underwriting approach for complex income scenarios
- No automated decline — all applications reviewed by an underwriter
Pros & Cons
Pros
- Stores open seven days a week with extended hours for face-to-face advice
- Manual underwriting means complex cases are individually assessed — no automated declines
- Commercial mortgages available alongside residential and buy-to-let
- Fast decision-making with rapid underwriting turnaround
Cons
- –Maximum LTV of 90% — no 95% LTV products available
- –Store network concentrated in London and the South East
- –Interest rates can be higher than larger high street competitors
Fees & Charges
Arrangement Fee
£999 or fee-free options on selected products
Valuation Fee
£300–£1,500 depending on property value
Early Repayment Charge
1–5% during the initial deal period
Overpayment Allowance
Up to 10% per year without charge
Mortgage Rates
Rate data coming soon
We're working on adding live mortgage rate information for Metro Bank. In the meantime, visit their website for the latest rates.
View rates on Metro BankApplication Process
Processing Time
2–3 weeks from application to offer
Online DIP
Yes — available online
Offer Valid For
6 months
Lending Criteria
Maximum LTV
90%
Max Loan Amount
£5m
Min Loan Amount
£25k
Rate Types
fixed, tracker
Frequently Asked Questions
Are Metro Bank stores open on weekends?
Does Metro Bank manually underwrite mortgage applications?
Does Metro Bank offer commercial mortgages?
What areas does Metro Bank cover?
How to Apply
Direct & Broker Access
You can apply directly with Metro Bank or through a mortgage broker. Using a broker gives you access to the whole market and may secure better terms. Find a broker
Contact Information
Need a Metro Bank Broker?
Find FCA-regulated mortgage brokers who have Metro Bank on their lender panel.
Find a BrokerRegulatory Status
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Important: Your home may be repossessed if you do not keep up repayments on your mortgage. Information on this page is for general guidance only and does not constitute financial advice. Always verify lender details directly and seek independent advice before making financial decisions.