Metro cuts fixed rates

Other 5-year fixes stand at 2.04% to 70% LTV, 2.14% to 75% LTV, 2.24% to 80% LTV and 2.34%.

Metro cuts fixed rates

Metro Bank has slashed fixed rates and introduced a 5-year fix at 65% loan-to-value at 1.84%.

Other 5-year fixes stand at 2.04% to 70% LTV, 2.14% to 75% LTV, 2.24% to 80% LTV and 2.34%.

Meanwhile the lender is offering 3-year fixes at 1.99% to 75% LTV, 2.04% to 80% LTV and 2.29% to 85% LTV.

The bank has also introduced a 5-year tracker at 1.94% to 85% LTV with a 3-year early repayment charge.

Charles Morley, director of mortgage distribution at Metro Bank, said: “We’re pleased to announce a reduction across our 3-year and 5-year fixed rate mortgage range, as well as the addition of a new 5-year residential tracker, benefitting those customers looking for a longer term mortgage solution.

“With interest rates at a record low, we’re seeing significant numbers of customers investigating their options and looking to make the most out of their mortgages.”