Interest-only mortgages up to 75% of your purchase price or property value considered.Loans up to 90% of your purchase price or property value.Our mortgages are designed to be practical and flexible. buying a property in England, Wales or Scotland (selected postcodes).
You can apply for a residential mortgage if you are: Part repayment and part interest only – this option is a mix of both, so at the end of the term you'll have paid off some, but not all of the capital and you'll still need to find a way of repaying the remaining balance. It could be that you are paying in regularly to savings and investments and it could include a pension payout. If you opt for this kind of mortgage we'll need to know how you intend to pay off the capital at the end. Interest only – you start by paying back the interest on the mortgage on a monthly basis, but at the end of the term you need to repay the whole of the capital in one payment. This is the most common type of mortgage. Over the course of the mortgage your balance will get smaller and your mortgage will be paid in full by the end of the term – usually 25 years. Repayment mortgage – you pay back the capital and the interest together in your monthly payment. Interest – the charge made by the lender on the money you owe.Residential Mortgage Details - Existing Customers (PDF)(105KB) Residential Mortgage Details - New Customer (PDF)(213KB) Your payment will stay the same during this time.ĭownload our rates for new and existing customers: Managing your internet banking and security detailsįixed-rate mortgages have an interest rate that’s set for a fixed period of time.How the buy-to-let mortgage process works.How to apply for a residential mortgage.
Independent service quality survey results: personal current accounts.Information about our personal current account services.What you need to open a personal account.Switch your everyday banking to Metro Bank.
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