Metro Bank sees mortgage lending surge 145%

Ryan Fowler

July 27, 2016

Metro Bank has seen its residential mortgage book grow by 145% over the past year. 

The challenger bank has advanced £2.8bn to home buyers – up from £1.1bn in 2015.

Craig Donaldson, chief executive officer at Metro Bank, said: ““I am pleased with both the momentum and quality of our lending, as we continue to actively support our customers by enabling more businesses to grow and people to buy their houses, with a 110% year-on-year increase in lending.

Metro Bank refreshes range with 5-year fix at 1.79%

“Strong growth across both residential mortgages and commercial lending has resulted in our Loan to Deposit ratio further improving to 70%.”

He also dismissed any possible impact the decision to leave the EU could have on Metro Bank.

He added: “Metro Bank is in a strong position to deal with any post European referendum uncertainty. Since the referendum vote we have seen no change in customer behaviour or impact on business flows.”

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