Metro Bank mortgage rates & fees
Metro Bank offers a range of fixed and variable rate mortgages that could be suitable for you.
No reviews yet.
Write a review
Metro Bank is known for its focus on customer convenience; branches are open 7 days a week, there’s no need to make an appointment, and the products on offer are transparent and accessible. It was launched in 2010 and, despite being the first new high street bank to open in over 150 years, has since received numerous awards for its financial services. When it comes to mortgages, Metro Bank reviews each application on an individual basis and aims to make the process of getting a loan as smooth as possible.
What types of mortgages can I get with Metro Bank?
- Fixed rate Your mortgage rate will remain locked for a set amount of time.
- Remortgages You can switch your existing mortgage to Metro Bank via one of its remortgage products.
- Offset With this mortgage type, you can use your savings funds to offset the amount of the mortgage balance you pay interest on.
- Tracker Your interest rate will shift up and down alongside another publicly-available interest rate, typically the Bank of England base rate.
- Buy to let With this mortgage type, you’re eligible to purchase an additional property and let it out.
- Shared ownership With this mortgage type, you can purchase a percentage of the property and pay rent on the remainder. You can then apply to buy additional percentages of the property as and when you can afford it.
How to apply
You can apply for a Metro Bank mortgage by calling 0345 08 08 500, visiting a local branch or arranging a callback via metrobankonline.co.uk
What information is needed to apply?
If you’re not an existing Metro Bank customer, you’ll need to provide proof of identity and proof of address. You’ll also need to provide proof of income via documents such as payslips, SA302s and company accounts.
Eligibility criteria
You must be aged over 18 when applying, and no older than 80 when the mortgage term is due to end. You must have lived in the UK for the last three years and be applying to purchase a property in England, Wales or Scotland.
Employed applicants must have been in continuous employment for the last 12 months, and in their current job for three months.
Metro Bank will still consider applicants who have unsatisfied CCJs and defaults (up to £500) and satisfied CCJs and defaults (up to £1000). You’ll still be considered if you’ve suffered a bankruptcy or an IVA, provided it was satisfied at least 3 years ago.
We've teamed up with L&C Mortgages to help you compare live rates from over 80 lenders.
I want to...
We compare brands including:
Think carefully before securing debts against your home. Your home may be repossessed if you do not keep up repayments on your mortgage.
Contact information
Make general mortgage queries by calling 0345 08 08 500 or visiting a local branch.
Frequently asked questions
We show offers we can track - that's not every product on the market...yet. Unless we've said otherwise, products are in no particular order. The terms "best", "top", "cheap" (and variations of these) aren't ratings, though we always explain what's great about a product when we highlight it. This is subject to our terms of use. When you make major financial decisions, consider getting independent financial advice. Always consider your own circumstances when you compare products so you get what's right for you. Most of the data in Finder's comparison tables has the source: Moneyfacts Group PLC. In other cases, Finder has sourced data directly from providers.
More resources on Finder
More guides on Finder
-
4 ways to streamline your international business payments with WorldFirst
As more businesses plan to go global, find out how WorldFirst’s multi-currency account could benefit your operations. Paid content.
-
eToro vs XTB
XTB and eToro are cheap investment platforms with a lot to offer. We compare the features, fees, account types and more – side by side in eToro vs XTB.
-
Payday loans guides & resources
Browse our collection of payday loan guides, designed to answer all of your short term loan questions and help you find the right payday loan.
-
Best side hustle ideas for teens
We’ve compiled a list of side hustle ideas, so you can give your teenager a nudge in the right direction next time they come to you asking for money.
-
Euro business accounts
Find out how euro business accounts work and who they might suit.
-
Can you have more than one business bank account?
We explain the benefits of opening multiple business bank accounts and what to watch out for.
-
Freetrade vs Hargreaves Lansdown (HL)
Freetrade and Hargreaves Lansdown are both investment platforms with a lot to offer. We compare their features, fees, account types and more – side by side in Freetrade vs HL.
-
Bestinvest vs Hargreaves Lansdown (HL)
Bestinvest and Hargreaves Lansdown (HL) are both investment platforms with a lot to offer. We compare their features, fees, account types and more – side by side in Bestinvest vs Hargreaves Lansdown.
-
Moneybox vs Hargreaves Lansdown (HL)
Hargreaves Lansdown and Moneybox are both investment platforms with a lot to offer. We compare their features, fees, account types and more – side by side in Moneybox vs Hargreaves Lansdown (HL).
-
Moneyfarm vs Hargreaves Lansdown (HL)
Hargreaves Lansdown and Moneyfarm are both investment platforms with a lot to offer. We compare their features, fees, account types and more – side by side in Moneyfarm vs Hargreaves Lansdown (HL).