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Metro Bank lowers five-year fixes, but raises other rates

  • 23/11/2017
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Metro Bank lowers five-year fixes, but raises other rates
Metro Bank has reintroduced five-year fixed rate loans with lowered rates starting from 1.84% for mortgages up to £2m, while also increasing rates for its 90% loan-to value (LTV) products.

In October Metro Bank withdrew its 65% and 70% LTV loans from its offering, which had rates of 1.69% and 1.79%, respectively.

The bank has now reintroduced these products, with lowered rates compared to October levels. The new loans in its core range include:

  • Five-year fixed at 1.84% up to 65% LTV with a £999 product fee
  • Five-year fixed at 1.94% up to 70% LTV with a £999 product fee

Meanwhile, rates for the five-year fixed at 90% LTV have been increased from 2.54% to 2.59%, with a £999 product fee.

New loans have also been added in the bank’s remortgage range, including:

  • Five-year fixed at 1.89% up to 65% LTV with a £999 product fee
  • Five-year fixed at 2.09% up to 65% LTV with no product fee
  • Five-year fixed at 1.99% up to 70% LTV with a £999 product fee
  • Five -year fixed at 2.19% up to 70% LTV with no product fee

In addition, rates for the five-year fixed remortgage products at 90% LTV have been raised – with rates for the 2.59% product with a £999 fee raised to 2.64%, and rates for the 2.79% loan with no fees raised to 2.84%.

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