Metro Bank has added 90% LTV five-year fixed rate mortgages to its residential range.
The interest rates will be from 3.99% for 90% LTV, with a £999 product fee. Product fee can be added to loan.
The products are for purchase or pound for pound remortgage only.
The maximum property value of £600,000 and all loans are subject to a physical valuation.
Metro BBank said applications for further advances over 80% LTV will not be accepted, while customers on/or who have been recently furloughed will also not accepted.
Jeremy Cook, head of corporate relationships (mortgages) at Metro Bank, said: “We’re pleased to reintroduce our five-year fixed rate mortgages at 90% LTV. There are lots of customers with smaller deposits looking for a mortgage at the moment, and we’re thrilled to support them as they seek to get on the housing ladder or move home.”
