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Metro Bank cuts five-year fixed product fee

New fee reduced to £499

by Kevin Rose
9 August 2018
0
Santander for Intermediaries to pay retention proc fee
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Metro Bank has added a new reduced product fee to its residential five-year fixed range.

The following deals are now available:

LTV Rate New product fee Previous product fee
50% 1.89% £499 £1,499
60% 1.94% £499 £999
75% 1.99% £499 £999
80% 2.04% £499 £999
85% 2.14% £499 £999
90% 2.44% £499 £999

Charles Morley, director of mortgage distribution at Metro Bank, said: “With the Bank of England base rate increasing last week, we have witnessed customers looking for the security afforded by longer term fixeds.

“A reduced product fee, along with the same great rates and our comprehensive criteria, make our proposition highly attractive for both customers planning to purchase their next home and also those looking to remortgage.”

Brian Murphy, head of lending at Mortgage Advice Bureau, added: “In introducing these positive changes to product pricing only days after the BOE base rate increase, Metro Bank have demonstrated that great value mortgage products are still very much in evidence.

“Combined with some truly excellent criteria more borrowers will be able to realise their ambitions to buy their first home, move house or refinance their existing arrangements.”

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© 2018 Trek Publishing Limited. Website design by Bedazzled Media Limited.
Company Number 11335497. Registered Office: Butterick Building Unit K, 38 New Lane, Havant, P09 2ND

No Result
View All Result
  • MORTGAGES
    • Mortgage type
      • Discount mortgages
      • Fixed rates
      • Fee-free
      • Interest-only
      • Offset
      • Remortgages
      • Trackers
      • Variable rates
    • Conveyancing
    • First time buyers
    • Help to Buy
    • New build
    • Overseas
    • Regulation
    • Self build
    • Shared ownership
  • BRIDGING
  • BTL
    • Consumer BTL
    • HMOs
    • Limited Company BTL
  • COMMERCIAL
    • Asset finance
    • Auction finance
    • Commercial mortgages
    • Development finance
    • Invoice finance
    • SME finance
  • COVER
    • General insurance
    • Landlord insurance
    • Protection
      • Critical illness
      • Income protection
      • Group protection
      • Life cover
      • PMI
  • DEBT
  • DISTRIBUTION
  • LOANS
  • RETIREMENT
    • Equity release
      • Lifetime mortages
      • Drawdown
    • Lending into retirement
    • Pensions
    • Retirement borrowing

© 2018 Trek Publishing Limited. Website design by Bedazzled Media Limited.
Company Number 11335497. Registered Office: Butterick Building Unit K, 38 New Lane, Havant, P09 2ND

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