Metro Bank is reducing from today the rates on its residential and buy-to-let product range.
The new two-year fixed rates for residential mortgages under £1.5 million start from 1.99 per cent at 70 per cent loan-to-value.
The new two-year tracker rates for residential mortgages under £1.5 million start from 2.09 per cent at 85 per cent LTV and for residential mortgages above 1.5 million they start from 2.09 per cent at 70 per cent LTV.
The bank is making an overhaul to its BLT portfolio as well, cutting the two-year fixed rates for loans under £1 million to 2.69 per cent at 65 per cent LTV. BLT loans from £1 million are now available from 2.69 per cent two-year tracker rate at 75 per cent LTV.
“We’re delighted to be able to make this announcement today, and are confident that it will be positive news for many people who wish to own their own home. Following a strong 2014, where mortgage lending at Metro Bank more than doubled, we are now looking at the next phase of growth for our mortgage proposition, ” Paul Riseborough, managing director of customer propositions at Metro Bank, said.
