Metro Bank has reported an increase in its residential mortgage lending of over than 400% over 2013.

Earlier this month, Metro Bank announced that it was looking to double mortgage lending over 2014, to reflect the growing needs of existing and new customers and broker partners.

Metro Bank has also launched a new range of 85% Loan to Value (LTV) residential products for properties valued up to £750,000.

At 85% LTV, a two-year tracker will be available to customers at 3.39%; a two-year fixed rate will be available at 3.49% and a five-year fixed rate mortgage will be available at 4.09%.

The products are available to customers direct and through brokers.

Richard Saulet, director of mortgages at Metro Bank, said: “At Metro Bank our customers and their needs always come first. Extending our mortgage range to 85% LTV is something that will make a difference to our customers, and it demonstrates our ongoing commitment to help people with lower deposits buy their own homes.

“After a year of huge growth in our residential mortgage lending, the new products, combined with our ability to underwrite on a case by case basis, will ensure that we can continue to provide the best in service and convenience to our customers and broker partners.”