Metro cuts 5-year fixed rates
Paul Riseborough, managing director of customer propositions at Metro Bank, said: “Following our strong Q3 financial results which showed a year on year increase in total lending of 146%, we are now looking at the next phase of growth for our mortgage proposition.
“We want to build long terms relationships with our customers and these rates will benefit people looking for a longer term mortgage solution. Our customers and their needs always come first.”
Metro Bank underwrites mortgage applications on an individual basis to ensure that customers’ personal circumstances are taken into account. New customers benefit from one single point of contact throughout the application process, and brokers can submit applications through the Metro Bank online mortgage portal. Metro Bank does not sell bank assurance or insurance, allowing it to focus entirely on servicing the customer.
For residential mortgages under £1.5 million, the new prices will be:
• 5-year fixed rate at 60% LTV, rates available at 2.84%
• 5-year fixed rate at 70% LTV, rates available at 2.99%
• 5-year fixed rate at 80% LTV, rates available at 3.39%
• 5-year fixed rate at 85% LTV, rates available at 3.69%