Connect Mortgage Club has appointed Metro Bank to its specialist buy-to-let lender panel.
Metro Bank, one of the newest entrants to the high street, currently has 13 UK branches and is aiming to have 200 by 2020.
Kevin Ward, head of business development at Connect Mortgage Club, said Metro Bank is primarily looking for business in London and the South East of England.
He said: “This is a competitive offering for buy-to-let landlords from Metro with rates from 3.69% at 65% LTV, to 4.09% at 75% LTV and loan sizes up to £5 million, with interest only periods, for people with residential portfolios of up to six properties.
“In contrast to established high street lenders, Metro Bank is keen to promote the value of knowing their customers. They are placing more emphasis on human underwriting expertise rather than technology, which is will be very refreshing for our brokers, who are tired of the total reliance on credit scoring.”
“We are delighted to be working with Connect Mortgage Club,” added Yvonne Bear, market development director at Metro Bank.
“We are keen to build a presence in the BTL market and look forward to building a long lasting relationship with Connect Mortgage Club and its supporting intermediaries.”
