Metro cuts 5-year fixes

Mortgage Introducer

June 8, 2017

Metro Bank has cut 5-year fixes so rates start from 1.74% to 65% loan-to-value with a £999 fee.

The lender’s 75% LTV rate stands at 2.04%, 80% LTV at 2.09% and 85% LTV at 2.24%, all with a £999 fee.

Other products include a 70% LTV 5-year fix at 1.84% with a £1,499 fee exclusively through Mortgage Intelligence and direct with Metro Bank as well as a 90% LTV rate at 2.64% with a £999 fee through Legal & General Mortgage Club and direct.

Charles Morley, director of mortgage distribution at Metro Bank, said: “Given the widespread uncertainty at the moment, we want to provide our customers with rates that will not only benefit their pocket, but will give them peace of mind for the long-term.”

Metro has also reduced its 2 and 3-year fixed at 85% LTV products by 0.10%, from 2.29% to 2.19%.

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