Metro Bank to expand into Scotland
Metro Bank will expand into Scotland on 5 April, where it will cater for customers direct and through intermediaries from the off.
The bank will offer the same ranges and rates in Scotland as in England and Wales.
It will have a Scottish base near Glasgow, while it has hired Neil McLeod as a business development manager from Halifax to oversee the market.
Craig Donaldson, chief executive at Metro Bank, said: “Since we launched our mortgage business back in 2011, we have had great success supporting borrowers and brokers across both England and Wales.
“Our wide range of products, alongside a case-by-case approach to underwriting and unrivalled levels of service has proved to be a winning formula and set us apart from other lenders.
“With our research showing that over half of Scots would consider switching to another lender, I’m excited about entering the Scottish market.”
Metro Bank is hosting roadshows in both Glasgow and Edinburgh, both of which are oversubscribed.
Its focus is on acquiring customers through high levels of customer service.