Metro Bank mortgage rates & fees

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.

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 haved 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.

Contact information

Make general mortgage queries by calling 0345 08 08 500 or visiting a local branch.

Frequently asked questions

• Can I make overpayments?

  Yes, you can overpay by up to 20% of the mortgage balance per year without facing an Early Repayment Charge.

• Are there any customer incentives or bonuses?

  With many mortgages, you’ll be eligible to receive up to £250 cashback upon mortgage confirmation. Valuation fees are waived.

  Metro Bank’s branches are open on weekends and their phone lines are open 24 hours a day.

• Is there a minimum loan amount?

  The minimum loan is £50,000.

Written by

Matthew Boyle

Publisher

Matthew Boyle is a banking and mortgages publisher at Finder. He has a 7-year history of publishing helpful guides to assist consumers in making better decisions. In his spare time, you will find him walking in the Norfolk countryside admiring the local wildlife. See full bio

Matthew's expertise

Matthew has written 244 Finder guides across topics including:

• Helping first-time buyers apply for a mortgage
• Comparing bank accounts and highlighting useful features
• Publishing easy-to-understand guides