Metro Bank has reduced its residential mortgage rates by up to 0.50% and its its buy-to-let rates by up to 0.3%, with immediate effect.
Deals include a two-year fixed rate for homeowners at 2.49%, down from 2.99%, and a two-year tracker at 2.39%.
Its two-year fixed-rate for buy-to-let customers has been cut to 3.19% at 65% LTV.
The mortgages are available through brokers and also direct.
Metro says the mortgage price cuts reflect its wider commitment to increase lending to personal and business customers.
Yesterday's Funding for Lending Scheme figures showed a 360% increase in the bank's lending since June 2012, against flat industry growth over the period.
Richard Saulet, director of mortgages at Metro Bank, said: “This demonstrates our ongoing commitment to substantially grow our mortgage business by helping people buy their own homes. We are delighted to reduce prices for our customers and are confident that this, combined with our ability to underwrite on a case-by-case basis, will continue to provide an exciting proposition for our customers and broker partners.”
All Metro Bank residential mortgage products offer free legal and valuation fees up to a maximum property value of £1 million for re-mortgages. It underwrites all applications on an individual basis.
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