Connect with us


Metro Bank Slashes Rates on Fixed Rate Residential Mortgage Range and Launches New Tracker

Metro Bank's New Digital Account Opening for Businesses Takes just 15 Minutes to Set Up
  • Introduces record low 5-year fixed up to 65% LTV at 1.84%
  • Unveils 5 Year Residential Tracker

Metro Bank, the revolutionary high street bank, has revealed that it is reducing rates on its 3-Year and 5-Year Fixed Residential range, as well as introducing a new 5-Year Residential Tracker. For 5-year fixed residential mortgages under £2 million, the new rates available are:

  • 5-year fixed up to 65% LTV: 1.84%
  • 5-year fixed up to 70% LTV: 2.04%
  • 5-year fixed up to 75% LTV: 2.14%
  • 5-year fixed up to 80% LTV: 2.24%
  • 5-year fixed up to 85% LTV: 2.34%

For 3-year fixed residential mortgages under £2 million, the new rates available are:

  • 3-year fixed up to 75% LTV: 1.99%
  • 3-year fixed up to 80% LTV: 2.04%
  • 3-year fixed up to 85% LTV: 2.29%

The bank has also announced the introduction of a new 5-Year Residential Tracker up to 85% LTV at 1.94% with a three year Early Repayment Charge.

Sally Laker, Managing Director of Mortgage Intelligence said: “It is good to see that Metro Bank are offering a complete range of products for their customers to meet all attitudes to risk, particularly the 5 year residential tracker, which is a popular product in the high net worth space.”

Charles Morley, Director of Mortgage Distribution at Metro Bank commented: “We’re pleased to announce a reduction across our 3-year and 5-year fixed rate mortgage range, as well as the addition of a new 5-Year Residential Tracker, benefitting those customers looking for a longer term mortgage solution. With interest rates at a record low, we’re seeing significant numbers of customers investigating their options and looking to make the most out of their mortgages.”

The news follows the bank’s pioneering move to support the sharing economy, by enabling its residential mortgage customers to rent their properties through Airbnb, and similar sites, for up to 90 days a year without prior approval.

Metro Bank is committed to offering the best in service and convenience to its customers. The bank underwrites mortgage applications on an individual basis to ensure that customers’ personal circumstances are taken into account. New customers benefit from a single, dedicated underwriter and brokers have the ability to submit applications through the bank’s online mortgage portal that pays proc fees. What’s more, Metro Bank does not sell bank assurance or insurance, allowing it to focus entirely on fulfilling customers’ mortgage needs.

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

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 © 2022. Global Brands Publications is not responsible for the content of external sites.

Translate »