Metro Bank has cut mortgage rates by up to 50bps.

At 80% LTV, the two-year fixed rate product will reduce to 2.99%, while the two-year tracker rate mortgage price is set at 2.89%.

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

Richard Saulet, director of mortgages and commercial delivery at Metro Bank, said: “At Metro Bank, our customers and their needs always come first.

“We want to build strong relationships with all our customers, and these products, in addition to our commitment to underwrite on an individual basis, will enable us to continue offering the very best in service.”