Metro Bank has made a number of changes to its range of buy-to-let mortgages.
It is now offering buy-to-let purchase and remortgage products up to a maximum of 80% LTV, an increase from 75% LTV.
The bank is also lowering the five-year fixed stress rate to 3.5% (from 4%) for loans up to 75% LTV. For loans above 75% LTV, 4.5% rate applies.
Meanwhile, proof of income no longer required for self-funding buy-to-lets.
Finally, five-year fixed rates have been reduced, with rates now starting from 2.29%.
Charles Morley, director of mortgage distribution at Metro Bank, said: “In a competitive market, it’s important that customers and intermediaries have plenty of options available for their individual requirements.
“We’re confident that these enhancements to our buy-to-let range, along with our ongoing push into more specialist mortgages, make Metro Bank an attractive option for an ever wider breadth of mortgage customer.”