Metro Bank has been added to the lending panel of finova Payment & Mortgage Services.
finova Payment & Mortgage Services was previously known as MCI Mortgage Club before its recently announced rebrand.
The move means members will now have access to Metro Bank’s range of residential and buy-to-let mortgages. For residential lending, Metro Bank will go up to 95% LTV and offers joint borrower sole proprietor loans as well as up to four-person mortgages. The bank lends on second homes and new builds while interest-only and part and part options are also available.
Furthermore, Metro Bank will consider applicants at 5.5 times the income for professional and high earners, and welcomes self-employed borrowers and contractors.
Head of finova Payment & Mortgage Services, Melanie Spencer, commented: “We have a wide range of lenders on our panel and the addition of Metro Bank now takes us to 70. It’s great to be able to welcome a large bank onto our panel and I know Metro Bank’s wide range of mortgages and flexible criteria will be an asset to our members.”
Metro Bank head of corporate relationships, Jeremy Cook, added: “We are looking forward to working with finova and are more than happy to talk to the club’s members to help with any queries they may have. We have a dedicated mortgage team, a broker help desk and local BDMs around England, Wales and Scotland who are always ready and willing to help.”
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