Metro Bank has announced a variety of changes to its residential fixed, buy-to-let (BTL) and large loan product ranges.
Rate reductions by up to 40 basis points (bps) have been announced for BTL mortgages under £2 million.
Meanwhile, for mortgages under £2 million, the bank’s five-year fixed residential mortgages up to 90% LTV have been reduced by 10 bps to 2.54%.
Rates for residential two and three-year fixed mortgages have slightly increased, while the residential five-year fixed at 65% and 70% have been withdrawn – rates now start from 1.84% at 75% LTV.
Large loan ranges also have reduced rates by up to 30 bps, with application fees cut from £4,999 to £1,999.
Charles Morley, director mortgage distribution at Metro Bank, said: “We’re here to support everyone, whether you’re a first-time buyer looking to get your foot onto the property ladder through our joint-borrower sole-proprietor mortgages; a landlord wishing to benefit from our use of top-slicing; or a customer needing a choice when it comes to obtaining a larger loan.”
Metro Bank has launched a brand new portal designed to help...
Metro Bank has appointed Jeremy Cook as head of corporate relationships...
High street lender Metro Bank has reduced the rates on its...
Landlords with standard buy-to-let properties will lose money when interest rates...
NatWest Intermediary Solutions is cutting rates on a number of its...
As many as four million 18-39 year olds are actively trying...
The National Association of Commercial Finance Brokers (NACFB) is holding an...
Recent figures show that the UK is currently facing a housing...
As UK house prices reach new records and the price for...
The National Association of Commercial Finance Brokers (NACFB) is counting down...
The Bank of England has signalled that more than one interest...
Recent economic data was reassuringly predictable. We learned that core inflation fell...
Homes Under The Hammer property expert Lucy Alexander is fronting a...
Shared ownership has failed to deliver an affordable route to home...
There’s been a huge rise in the number of buy to...
Homes Under The Hammer property expert Lucy Alexander is fronting a...
Who are you? I’m the Director of Sales for both...
Who are you? Edward Trustworth, 23 What does it say on...
This week, SearchFlow launches it new brand. Group Marketing...
Join the conversation
Be the first to comment (please use the comment box below)
Please login to comment