Metro Bank Expands Buy-to-Let Offering with New HMO and MUFB Mortgage Products

Introduction: Metro Bank Launches HMO and MUFB Mortgages

Metro Bank has officially launched into the Houses of Multiple Occupation (HMO) and Multi-Unit Freehold Block (MUFB) mortgage markets, further expanding its specialist buy-to-let (BTL) product range. This move provides attractive options for landlords and property investors—whether applying in personal names or via limited companies—at a time when rental demand in the UK is at an all-time high.

New Mortgage Products and Key Rates

Metro Bank’s entry into the HMO and MUFB arena comes with highly competitive products designed to support portfolio landlords and first-time investors alike. Key details include:

• Rates starting from 3.69% (fixed and fixed-fee options available)
• Maximum loan-to-value (LTV): 75% for most cases; 70% for loans above £1 million
• Standard BTL income coverage ratio (ICR) and stress rates across all products
• Maximum of 6 tenants (HMO) or 6 units (MUFB) per application, with each unit on a single assured shorthold tenancy (AST)
• Availability for both personal and limited company applicants
• Both student lets and tenants receiving benefits are considered
• Broad solicitor panel for convenience and flexibility during the transaction
• Applicants with less than perfect credit profiles can be considered

With these features, Metro Bank’s newly launched buy-to-let mortgages offer some of the best mortgage rates UK currently available for specialist property investors.

Updated Criteria and Policy—What’s New for Borrowers?

Metro Bank emphasises consistency, ensuring that criteria remains uniform across their BTL range. Here’s how the updates impact landlords and property buyers:

• Both experienced and new landlords can access HMO and MUFB options, facilitating portfolio growth or diversification.
• Lending to limited companies is available, which is increasingly popular for landlords seeking tax-efficient property investment.
• The LTV rules are designed to support both small and large transaction sizes, from single properties to larger blocks.
• The inclusion of student lets and tenants on benefits increases flexibility and market reach for landlords.
• Applicants with a less-than-perfect credit history are catered for, broadening access to funding for a wider range of borrowers.

These criteria updates are designed to help landlords maximise yield and manage the challenges of a competitive rental landscape.

Promotions and Unique Features

Metro Bank distinguishes itself with several borrower-friendly features:

• Flexible approach: The lender considers non-standard tenant types, including students and those on benefits.
• Comprehensive legal support: Access to a broad panel of solicitors means smoother, quicker completions.
• Specialist case support: Ideal for landlords with complex scenarios or credit challenges.

For those investing in HMOs or MUFBs—especially as limited companies—these features can offer a competitive advantage not always found with high street lenders.

Why Choose Metro Bank for HMO and MUFB Mortgages?

• Consistent lending criteria: Simplifies planning for portfolio landlords.
• Attractive product range: Rates from 3.69% and up to 75% LTV.
• Willingness to consider challenging cases: From non-traditional tenant types to imperfect credit.
• Personal and limited company options: Suiting a wide cross-section of investor profiles.

Metro Bank’s reputation as a specialist lender ensures you benefit from expert support and straightforward application processes.

Conclusion

If you’re considering expanding your buy-to-let portfolio with an HMO or MUFB, Metro Bank’s new mortgage products could provide the flexibility and competitiveness you need. Contact our expert mortgage team today to discuss your eligibility, explore product guides, or tailor an application to your circumstances.

Take advantage of today’s best buy-to-let mortgage offers—let us help you find the right deal for your investment strategy.

Frequently Asked Questions (FAQs)

• Who qualifies for Metro Bank’s HMO and MUFB mortgages?
  Answer: Both individuals and limited companies can apply. The lender accepts landlords with up to 6 tenants (HMO) or 6 units (MUFB), including student lets and tenants on benefits.
• How do the new rates affect my repayments?
  Answer: With rates from 3.69%, monthly payments may be more competitive compared to previous specialist BTL deals—however, your actual repayments will depend on loan size and term.
• Is Metro Bank suitable for landlords with poor credit?
  Answer: Yes, Metro Bank considers borrowers with less-than-perfect credit profiles, although individual circumstances will be assessed.
• Can I use these mortgages for student lets or tenants on benefits?
  Answer: Yes, Metro Bank accepts student lets and tenancies involving tenants receiving housing benefits, subject to criteria.
• How do I find out if I qualify for these products?
  Answer: Contact our mortgage specialists for tailored advice and a full assessment based on your circumstances and investment goals.