Its BTL rates now start from 2.99% for new and existing individual or limited company borrowers.
For residential mortgages, reductions have been applied to products for existing and new borrowers in need of a loan over £1m on a two-year fix up to 85% loan to value (LTV).
Meanwhile, existing and new borrowers moving home will see cuts across all two-year deals up to 0.4%, and remortgages up to 95% LTV will be available.
For new and existing near prime borrowers, pricing has been cut by up to 0.35%.
Charles Morley, director of mortgage distribution at Metro Bank, said: “As a specialist lender, we’re constantly assessing the competitiveness and criteria of our product range, across both our residential and BTL ranges.
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“Today’s reprice is just one way we aim to meet the needs of brokers and borrowers, alongside our industry-leading criteria and customer service.”
TML lowers BTL rates as landlords prepare to refinance
The Mortgage Lender (TML) has cut selected BTL rates, ahead of a “pivotal” year of refinancing for landlords.
Reductions of 0.05% have been made to standard five-year fixed rates.
The lender said the 1.8 million fixed rate mortgages expected to mature this year would include a significant proportion of BTL loans, prompting landlords to review and assess their investments.
The lender said product choice, fee structures and portfolio flexibility would become just as important as headline rates.
Chris Kirby, head of field sales for retail mortgages at Shawbrook, said: “With UK Finance forecasting up to 1.8 million fixed rate mortgages are maturing by the end of 2026, this underlines just how significant the year ahead will be for many landlords and brokers alike.
“Many landlords are using this point as an opportunity to look beyond a single refinance and review their wider portfolios, with affordability, balance and long-term sustainability firmly in focus. While rates will always matter, flexibility, product structure and choice are becoming just as important, and our latest repricing is designed to support brokers as they help clients navigate these decisions.”
