You are here: Home - Mortgages - Buy To Let - News -

Metro Bank to pilot selling mortgages through brokers

Written by:
Metro Bank is set to start offering mortgages through intermediary channels as it looks to expand its business in the south east.

The bank, launched in 2010, currently restricts its mortgages to direct sales but will allow brokers in the south east and London access as part of a trial period.

John Charcol will assist the pilot scheme from launch in order to provide a consistent service, with the bank planning to extend availability to more brokers in the coming months.

The lender will offer a range of products up to 80% loan-to-value (LTV) and will offer a simple fees structure to make borrowing simpler for consumers.

All Metro Bank products will be offerred through intermediary channels at the same interest rates as those available direct from branches.

Paul Marriott-Clarke, commercial director at Metro Bank, said:

“Metro Bank is committed to building a long term and highly successful intermediary business that provides both our partners and our customers with amazing customer service.

“With John Charcol’s reputation as a leading intermediary in the high value space, they were the obvious choice to launch with. By partnering with a small number of intermediary partners, we ensure that we are able to give a consistently high level of service to all.

“Metro Bank offers common sense banking with the personal touch and our individual underwriting service means that we will consider cases which would typically fail the automated credit scorecards used by many lenders.”

Walter Avrili, managing director of John Charcol, added:

“We are delighted that Metro Bank has chosen John Charcol to launch its intermediary proposition.

“The addition of such a lender who is focused on unparalleled service and transparent products can only be a good thing for our clients and indeed all UK mortgage borrowers. John Charcol is a business that prides itself on service so the relationship is a perfect fit.”

Tag Box




Financial fitness

There are 0 Comment(s)

If you wish to comment without signing in, click your cursor in the top box and tick the 'Sign in as a guest' box at the bottom.

Are you a first-time buyer looking for a mortgage?

Look no further, get the help you need by searching for your perfect mortgage

Five ways to get on the property ladder without the Bank of Mum and Dad

A report suggests the Bank of Mum and Dad is running low on funds. Fortunately, there are other options for st...

The essential Your Money guide to the April 2018 tax changes

As we head into the 2018/19 tax year, a number of key changes take place to existing policies while some new i...

A guide to switching energy provider

All you need to know about switching from one energy supplier to another.

What will happen if rates change

How your finances will be impacted by a rise in interest rates.

Regular Savings Calculator

Small regular contributions can build up nicely over time.

Online Savings Calculator

Work out how your online savings can build over time.

Having a baby and your finances: seven top tips

We’re guessing the Duchess of Cambridge won’t be fretting about maternity pay or whether she’ll still be...

Protecting family wealth: 10 tips for cutting inheritance tax

Inheritance tax - sometimes known as 'death tax' - can cause even more heartache for bereaved families. But th...

Travel insurance: Five tips to ensure a successful claim

Ahead of your summer holiday, it’s important to make sure you have the right level of travel cover or you co... Awards 2018

Now in their 21st year, our awards recognise the companies offering the best products and services to consumers

Money Tips of the Week

Read previous post:
UK recession confirmed as GDP falls 0.3%

The UK economy shrank by 0.3% in the first quarter, the final official reading has confirmed. Data from the Office...