"The challenger bank continues to drive their proposition with competitive pricing, a robust manual underwriting process and a desire to build long-term customer relationship"
Other products include a 70% LTV at 2.19%, rising by ten basis points to 2.29% at 75% LTV, 2.39% at 80% LTV and 2.49% at 85% LTV.
The new range follows the Metro Bank’s recent Q2 figures which reported total lending of £4.6bn – quarterly growth of over £500 million and a year-on-year increase of 110%.
Charles Morley, Head of Mortgage Distribution at Metro Bank, commented: “We’re delighted to announce a reduction across our five-year fixed rate mortgage range, benefitting those customers looking for a longer term mortgage solution. Our market leading rates will provide first time buyers, homeowners on their lender’s SVR and those whose deal is coming to an end, with not just a potential great saving, but piece of mind for the future.”
Jeremy Duncombe, Director, Legal & General Mortgage Club, said: “Following the UK’s decision to leave the EU, we’re pleased to see that the mortgage market remains buoyant, with Metro Bank’s announcement a clear reflection of a sector that’s open for business.
“The challenger bank continues to drive their proposition with competitive pricing, a robust manual underwriting process and a desire to build long-term customer relationship and we look forward to seeing more customer-focused products and services from the lender in the months to come.”
