For residential mortgages under £1.5 million, the new rates will start from 1.99% (at 70% LTV) for a 2 Year Fixed Rate and 2.09% (at 85% LTV) for a 2 Year Tracker. Buy to Let loans, upto to £1 million, are now available from 2.69% for a 2 Year Fixed Rate at 65% LTV.
Higher value loan rates have also been refreshed: Residential mortgages from £1.5 million will now start at 2.09% (at 70% LTV) for a 2 Year Tracker, and Buy to Let mortgages, from £1 million, will start at 2.69% (at 75% LTV) for a 2 Year Tracker.
Paul Riseborough, Managing Director of Customer Propositions at Metro Bank, said:
“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. In the next year, we want to continue growing our relationships with customers and brokers, by providing them with the highest levels of service and convenience.”
