Metro Bank has introduced a new 90% LTV range, available to first-time buyers, movers and remortgage customers, for loans up to £500,000.
Available nationwide through brokers and direct , the new product will particularly look to support first-time buyers with smaller deposits.
New 90% LTV rates include two-year fixed rates available from 2.39%, three-year fixes from 2.39% and five-year fixes from 2.74%.
Charles Morley, director of mortgage distribution at Metro Bank, said: “Today’s announcement will especially appeal to those customers looking to take that all important first step on the housing ladder and buy their own home. By extending our range into the 90% LTV market, as well as offering this LTV on our joint borrower sole proprietor range, we hope to support the increasingly large number of first-time buyers, as well as those looking for a competitive remortgage deal.
“By providing superior levels of service alongside fast turn-around times and attractive rates, we’re becoming the mortgage provider of choice for a growing number of customers and brokers up and down the country, and look forward to further growing our business over the next few years.”
