Metro Bank has cut mortgage rates across its residential and buy-to-let mortgage range.

Prices will be reduced by up to 50bps across its residential range and up to 30bps for its buy-to-let products.

At 70% LTV, the two-year fixed rate deal for residential customers will reduce from 2.99% to 2.49%, while the two-year tracker rate mortgage price will be set at 2.39%.

For buy-to-let customers, the two-year fixed rate product will reduce to 3.19% at 65% LTV. The products are available to customers direct and through brokers.

All Metro Bank residential mortgage products offer free legal and valuation fees up to a maximum property value of £1 million for re-mortgages.

In addition, Metro Bank does not sell bank assurance or insurance, allowing it to focus entirely on servicing the customer.

Richard Saulet, director of mortgages at Metro Bank, said: “At Metro Bank our customers and their needs always come first. The announcement today demonstrates our ongoing commitment to substantially grow our Mortgage business by helping people buy their own homes.

“We are delighted to be able to reduce prices for our customers and are confident that this, combined with our ability to underwrite on a case by case basis, will continue to provide an exciting proposition for our customers and broker partners.”