Metro Bank has reduced rates across its five-year-fixed residential range.
For residential mortgages under £2 million, the new rates are now available from:
- Five-year fixed up to 65% LTV: 1.74%
- Five-year fixed up to 70% LTV: 1.84%
- Five-year fixed up to 75% LTV: 2.04%
- Five-year fixed up to 80% LTV: 2.09%
- Five-year fixed up to 85% LTV: 2.24%
- Five-year fixed up to 90% LTV: 2.64%
The bank has also cut its two and three-year fixed at 85% LTV products by 10 bps, from 2.29% to 2.19%.
Paul Shearman, proposition director mortgages, protection and general insurance for Openwork said: “Over the last few years, we’ve seen Metro Bank win market share by listening to its broker partners and acting on their feedback. Today’s news really shows how Metro Bank is on the front foot and in tune with its brokers and customers. We look forward to continuing to work closely with them as their mortgage business grows.”
Charles Morley, director of mortgage distribution at Metro Bank, added: “Given the widespread uncertainty at the moment, we want to provide our customers with rates that will not only benefit their pocket, but will give them peace of mind for the long-term.”
