Metro Bank refreshes rates across mortgage range

Michael Lloyd

June 7, 2018

Metro Bank has refreshed rates across its residential, buy-to-let and large loan ranges.

In its residential core 5-year fixed range, the bank has reintroduced a number of new LTVs, with rates now starting from 1.94%. It has also increased rates by up to 5bps across its 2 and 3-year fixed ranges.

Charles Morley, director mortgage distribution at Metro Bank, said: “Today’s changes provide brokers and customers with even more choice and flexibility.

“Our broad range of products combined with our comprehensive criteria and great customer service, means we’re fast becoming top choice for brokers and customers across the UK.”

All changes to the residential core range are mirrored across the professional residential ranges and the remortgage range will also benefit from the same LTV bands as the core range.

Rates on the bank’s 2 and 5-year residential trackers have also been reduced by up to 35 bps, with rates now starting from 1.84%.

Martin Reynolds, chief executive of SimplyBiz Mortgages, added: “Metro Bank have always been recognised for their excellent service, over the last 12 month their criteria enhancements have improved this further.

“The launch of these new products, the reintroduction of product LTV bandings and the harmonisation of the £10m+ loans with the £2m+ products means they will be the go to lender for a number of our members.

“Their growth within our distribution during the last 12 months of Metro will only continue with these enhancements.”

On loans up to £10m customer will now benefit from the same rates applied to the lower large loans range of £2m to £5m. Rates on the 2 and 3-year fixed have increased by 10bps.

The bank has also launched a new 60% LTV in its buy-to-let range, with rates now available from 2.39%, and has increased rates in its buy-to-let range by up to 10bps.

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