Metro Bank has cut rates on its residential two-year fixed rate and tracker mortgages.

For residential mortgages under £1.5 million, the new rates are as follows:

• Two-year fixed rate at 70% LTV, rates available at 2.04%
• Two-year fixed rate at 80% LTV, rates available at 2.29%
• Two-year fixed rate at 85% LTV, rates available at 2.59%
• Two-year tracker at 80% LTV, rates available at 2.09%
• Two-year tracker at 85% LTV, rates available at 2.39%