Metro Bank launches 95% LTV product

Jake Carter

April 22, 2021

Metro Bank bbls

Metro Bank has introduced a 95% loan-to-value (LTV) residential purchase-only mortgage product.

The offering is a 95% LTV 5-year fix at 3.89%, which includes a maximum loan size of £570,000.

There is also a top-up option available for existing homeowners and rate switch options for existing customers.

Charles Morley, director of mortgage distribution at Metro Bank, said: “As one of the only lenders to consistently remain in the higher LTV market throughout the coronavirus pandemic, we’ve been working hard to launch into 95% LTV residential mortgages.

“Our customers will benefit from a competitive 5-year fixed rate.

“We’ve also been making a number of new hires across our mortgages business recently, offering specialist lending expertise as we look to appeal to an ever wider range of mortgage customer.”

Sign up to our daily email