For residential mortgages under £1.5 million, the bank is reducing rates on its 2 year fixed and 2 year tracker mortgages by 10 bps. Rates will now start at 2.09% for a 2 year tracker and 2.29% for a 2 year fixed rate, up to 70% LTV. The bank is also refreshing its 5 year fixed rate mortgages by up to 40 bps, with rates starting from 3.19% up to 60% LTV.
In addition, Metro Bank is making changes on its Buy To Let mortgage range, with 5 year fixed rates available from 3.79% up to 65% LTV, 2 year Fixed rates available from 2.99% up to 65% LTV and 2 year Tracker rates from 2.99% up to 75% LTV.
As part of its commitment to offering the best in service and convenience to its customers, Metro Bank has extended its free re-mortgage solution, currently available to residential customers, to new Buy to Let mortgage customers. Buy to Let customers will now benefit from free legal and valuation fees on a properties valued up to £1m.
