Metro Bank is tomorrow cutting rates across its residential and buy-to-let mortgage ranges.

New rates for residential mortgages under £1.5m will start from 1.99% (at 70% LTV) for a two-year fixed rate and 2.09% (at 85% LTV) for a two-year tracker.

Buy-to-let mortgages, up to to £1m will be available from 2.69% for a two-year fixed rate at 65% LTV.

Higher value loan rates have also been changed. Residential mortgages from £1.5m will now start at 2.09% (at 70% LTV) for a two-year tracker, and buy-to-let mortgages from £1m will start at 2.69% (at 75% LTV) for a two-year tracker.

“We’re delighted to be able to make this announcement today, and are confident that it will be positive news for many people who wish to own their own home,” said Paul Riseborough, managing director of customer propositions at Metro Bank.

“Following a strong 2014, where mortgage lending at Metro Bank more than doubled, we are now looking at the next phase of growth for our mortgage proposition.

“In the next year, we want to continue growing our relationships with customers and brokers, by providing them with the highest levels of service and convenience.”