According to Companies House, the bank lent £63m of residential mortgages in the year to 2012 although the bank is unwilling to confirm 2013 figures, but did confirm plans to double mortgage lending again this year.
The bank began partnerships with select intermediary partnerships in 2013, including Legal & General and Tenet Lime.
Results out last week show the bank’s total assets grew 145% over 2013 with total lending including commercial loans up to £755m, or 348%.
The bank has also extended its range up to 85% Loan to Value (LTV) on residential products for the first time for loans up to £750,000.
At 85% LTV, a two-year tracker will be available to customers at 3.39%, a two-year fixed rate will be available at 3.49% and a five-year fixed rate mortgage will be available at 4.09%. The products are available to customers direct and through brokers.
Richard Saulet, director of mortgages at Metro Bank, said: “At Metro Bank our customers and their needs always come first. Extending our mortgage range to 85% LTV is something that will make a difference to our customers, and it demonstrates our ongoing commitment to help people with lower deposits buy their own homes. After a year of huge growth in our residential mortgage lending, the new products, combined with our ability to underwrite on a case by case basis, will ensure that we can continue to provide the best in service and convenience to our customers and broker partners.”
The bank became the first to offer seven-days-a-week banking when it launched in 2010.
In early January this year, as part of growth plans the bank appointed ex-Kensington head of sales Charles Morley to lead its direct and broker mortgage distribution plans and gear up lending in 2014.
