Connect with us

Finance

Metro Bank Refreshes Rates Across Mortgage Rates

Metro Bank's New Digital Account Opening for Businesses Takes just 15 Minutes to Set Up
  • Reintroduces new competitive LTV bands across 5 Year Fixed range from 1.94%
  • Large loans now benefit from single pricing structure

Metro Bank, the revolution in British banking, has refreshed rates across its Residential, Buy-to-Let (BTL) and Large Loan ranges.

Charles Morley, Director Mortgage Distribution at Metro Bank commented: “Today’s changes provide brokers and customers with even more choice and flexibility. Our broad range of products combined with our comprehensive criteria and great customer service, means we’re fast becoming top choice for brokers and customers across the UK.”

In its Residential Core 5 Year Fixed range, the bank has reintroduced a number of new LTVs, with rates now starting from 1.94%. It has also increased rates by up to 5bps across its 2 and 3 Year Fixed ranges.

RESIDENTIAL
Core 5 Year Fixed
LTV Change New rate Fee
60% NEW 1.94% £999
75% NEW 1.99% £999
80% NEW 2.04% £999

All changes to the Residential Core range are mirrored across the Professional Residential ranges. The Remortgage range will also benefit from the same LTV bands as the Core range.

Rates on the bank’s 2 and 5 Year Residential Trackers have also been reduced by up to 35 bps, with rates now starting from 1.84%.

Martin Reynolds, CEO of SimplyBiz Mortgages added: “Metro Bank have always been recognised for their excellent service, over the last 12 month their criteria enhancements have improved this further. The launch of these new products, the reintroduction of product LTV bandings and the harmonisation of the £10m+ loans with the £2m+ products means they will be the go to lender for a number of our members. Their growth within our distribution during the last 12 months of Metro will only continue with these enhancements.”

On loans up to £10 million, customer will now benefit from the same rates applied to the lower large loans range of £2 million to £5 million. Rates on the 2 and 3 Year Fixed have increased by 10bps.

The bank has also launched a new 60% LTV in its BTL range with rates now available from 2.39%.  It has increased rates in its BTL range by up to 10bps.

Source: Metro Bank

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Text Translator

Awards Ceremony

Click on the Image to view the Magazine

GBM Magazine cover


Global Brands Magazine is a leading brands magazine providing opinions and news related to various brands across the world. The company is head quartered in the United Kingdom. A fully autonomous branding magazine, Global Brands Magazine represents an astute source of information from across industries. The magazine provides the reader with up- to date news, reviews, opinions and polls on leading brands across the globe.


Copyright - Global Brands Publications Limited © 2024. Global Brands Publications is not responsible for the content of external sites.

Translate »