Metro Bank has reduced pricing by 50bps across its 75% LTV residential range for new lending and for existing customers looking to rate switch, top-up or take a further advance.
In addition, the lender has added two and three-year fixed rate mortgages to its 95% LTV residential range, for purchases and pound for pound remortgages.
Deals include:
- 75% LTV 2 and 3 year fixed rates start at 2.09%
- 75% LTV 5 year fixed rates start at 2.24%
- 95% LTV 2 year fixed rates start at 3.69%
- 95% LTV 3 year fixed rates start at 3.79%
An arrangement fee of £999 will apply to most loans, with the maximum loan size limited to £570,000 on 95% LTV mortgages. Capital raising is permitted up to 80% LTV.
Tony Davis, head of mortgages at Metro Bank, said: “In line with our specialist strategy, Metro Bank is pleased to offer significant rate reductions across our 75% LTV products whilst further expanding our 95% LTV range as well. These changes will help us continue to assist our increasing range of customers and is a good example of us listening and responding to customer and broker feedback.”
