Metro Bank has refreshed its residential and buy-to-let mortgage ranges.

For residential mortgages under £1.5 million, the bank is reducing rates on its two-year fixed rates by 30 bps and two-year tracker mortgages by 40 bps. The new prices will be:

• 2 Year Fixed Rate at 70% LTV, rates available at 2.39%
• 2 Year Fixed Rate at 80% LTV, rates available at 2.69%
• 2 Year Fixed Rate at 85% LTV, rates available at 3.19%
• 2 Year Tracker at 70% LTV, rates available at 2.19%
• 2 Year Tracker at 80% LTV, rates available at 2.49%
• 2 Year Tracker at 85% LTV, rates available at 2.99%

Rates will also be reduced by up to 60 bps on Metro Bank’s buy-to-let range. These rates, previously available for a maximum loan size of £750,000, will now be available for values up to £1 million:

• 2 Year Fixed Rate at 65% LTV, rates available at 3.19%
• 2 Year Fixed Rate at 75% LTV, rates available at 3.39%
• 5 Year Fixed Rate at 65% LTV, rates available at 3.99%
• 5 Year Fixed Rate at 75% LTV, rates available at 4.29%
• 2 Year Tracker at 75% LTV, rates available at 3.19%

For higher value residential mortgages (over £1.5 million), Metro Bank has replaced the previous 0.5% product fee with a flat fee of £4,999.