Finova adds Metro Bank to panel

Published on

Metro Bank has joined the lending panel of finova Payment & Mortgage Services, previously known as MCI Mortgage Club, which rebranded last month.

Club members 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. It offers joint borrower sole proprietor loans and 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.

In addition, Metro Bank will consider applicants with a less-than-perfect credit score, 5.5 times income for professional and high earners, large loans and welcomes the self-employed and contractors.

Melanie Spencer, head of finova Payment & Mortgage Services, said: “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.

Jeremy Cook, head of corporate relationships of Metro Bank, 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.”

COMMENT ON MORTGAGE SOUP

We want to hear from you!
Leave a comment and get the conversation started.
You need to register to post, so please login or sign up below.

Latest articles

TwentyCi appoints Spencer Wyer as chief product officer

TwentyCi has appointed mortgage technology specialist Spencer Wyer as its new chief product officer. Wyer...

Gen H cuts New Build Boost rates

Gen H has reduced rates across its mortgage range for the third time in...

LiveMore launches 2+3-year fixed rate mortgage

LiveMore has launched a new 2+3-year fixed rate mortgage, for customers over forty. The product...

Mortgage industry mental health survey returns for fifth year

The Mortgage Industry Mental Health Charter (MIMHC) has launched its fifth annual Mental Health...

Royal London revamps income protection offering

Royal London has updated its income protection offering, introducing new features designed to reflect...

Latest publication

Other news

TwentyCi appoints Spencer Wyer as chief product officer

TwentyCi has appointed mortgage technology specialist Spencer Wyer as its new chief product officer. Wyer...

Gen H cuts New Build Boost rates

Gen H has reduced rates across its mortgage range for the third time in...

LiveMore launches 2+3-year fixed rate mortgage

LiveMore has launched a new 2+3-year fixed rate mortgage, for customers over forty. The product...