Metro Bank reduces rates on mortgage range
By Jordan WilliamsChallenger lender Metro bank has announced it's reducing its rates on five-year fixed rate residential and buy-to-let (BTL) mortgages
Section: Products
For mortgages up to £1.5m, the lender will be able to offer a five-year fixed rate at 85% max LTV on residential mortgages and 75% max LTV on BTL mortgages.
The full product range can be viewed on the Metro Bank website.
Specialist lender Precise Mortgages also announced reductions to its rates following the result of last month’s EU referendum.
Charles Morley, Head of Mortgage Distribution at Metro Bank, commented: “We’re pleased to announce a reduction across our five-year, fixed rate mortgage range, benefitting those customers looking for a longer-term mortgage solution. We continue to remain committed to providing our customers with products and services that suit their needs, alongside superior levels of service and convenience.”
News of Metro Banks 125% increase in total loans was offset by post-tax losses of £11.1m earlier in the year.
Keywords: Challenger lender, Metro bank, buy-to-let, fixed rate, EU referendum, Brexit, product range, Bridging, Finance, Commercial,