The range of fixed rate mortgages is available to first-time buyers, movers and remortgage customers, for loans up to £500,000 through brokers and branches.

Loans are available on a two, three and five-year basis, with fee (£999) and fee-free versions.

Metro Bank director of mortgage distribution Charles Morley said the bank was particularly targeting first-time buyers with the higher LTV.

“By extending our range into the 90% LTV market, as well as offering this LTV on our joint borrower sole proprietor range, we hope to support the increasingly large number of first-time buyers, as well as those looking for a competitive remortgage deal,” he said.

Andrew Montlake, director at mortgage broker, Coreco added: “This is another welcome shot in the arm for many borrowers who need that little bit of extra help to get onto the property ladder.

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“Given how tough it can be to save up for a larger deposit – especially with the current high levels of rent in many areas – we are delighted to see Metro Bank move into this market.”

 

The range at 90% LTV rates include:

• a two-year fixed available from 2.39%, £999 fee
• a three-year fixed available from 2.39%, £999 fee
• a five-year fixed available from 2.74%, £999 fee