Metro Bank has refreshed rates across its residential, buy-to-let and large loan ranges.
In its residential core five-year fixed range, the bank has reintroduced a number of new LTVs, with rates now starting from 1.94%.
It has also increased rates by up to 5bps across its two and three-year fixed ranges.
| residential | |||
| core 5 Year Fixed | |||
| LTV | Change | New rate | Fee |
| 60% | NEW | 1.94% | £999 |
| 75% | NEW | 1.99% | £999 |
| 80% | NEW | 2.04% | £999 |
All changes to the residential core range are mirrored across the professional residential ranges. The remortgage range will also see the same LTV bands as the core range.
Rates on the bank’s two and five-year residential trackers have also been reduced by up to 35 bps, with rates now starting from 1.84%.
Martin Reynolds, CEO of SimplyBiz Mortgages added: “Metro Bank have always been recognised for their excellent service, over the last 12 month their criteria enhancements have improved this further. The launch of these new products, the reintroduction of product LTV bandings and the harmonisation of the £10m+ loans with the £2m+ products means they will be the go to lender for a number of our members.
“Their growth within our distribution during the last 12 months of Metro will only continue with these enhancements.”
On loans up to £10 million, customer will now benefit from the same rates applied to the lower large loans range of £2 million to £5 million. Rates on the two and three-year fixed have increased by 10bps.
The bank has also launched a new 60% LTV in its buy-to-let range with rates now available from 2.39%. It has increased rates in its buy-to-let range by up to 10bps.