Metro Bank has added two and three-year fixed 95 per cent loan to value (LTV) mortgages to its residential range and cut the rates on select 75 per cent LTV products in response to customer and broker feedback.
The lender has introduced a two-year fixed at 95 per cent LTV with a rate starting at 3.69 per cent and a three-year fixed with rates starting from 3.79 per cent. The products are available for purchase and pound for pound remortgage.
Metro Bank launched its 95 per cent LTV mortgages in April this year, initially offering a five-year fixed product with a rate of 3.89 per cent and a maximum loan size of £570,000.
The lender has also cut the rates on select 75 per cent LTV residential mortgages by up to 0.5 per cent, which is available for new lending and existing customers looking to switch rates, top-up or take a further advance.
The rate for its two and three-year fixed at 75 per cent LTV will start at 2.09 per cent, having previously started from 2.59 per cent.
For its five-year fixed products, rates will start from 2.24 per cent, having previously been set at 2.94 per cent.
Metro Bank’s head of mortgages Tony Davis said: “These changes will help us continue to assist our increasing range of customers and is a good example of us listening and responding to customer and broker feedback.”
The lender has been expanding its range in recent months, partnering with Churchill Expert to offer SME Insurance in February and launch a near prime mortgage range in March.
Metro Bank has also tripled its buy-to-let assured shorthold tenancy to 36 months and increased income multiples for its professional and high earner borrowers to 5.5 times income.
Anna is currently the deputy editor for Mortgage Solutions and editor for Specialist Lending Solutions. She has worked as a journalist since 2019, having secured her Gold Standard NCTJ diploma from News Associates in a fast-track six-month course.
She started her career as a report at specialist publication The Insurance Insider covering a wide range of areas before joining Mortgage Solutions and Specialist Lending Solutions in 2021.
In her role, she helps put together and structure the news agenda for the day and writes up press releases, reports, interviews, analyses and exclusives across both titles. She also commissions blogs for Specialist Lending Solutions and hosts online masterclasses and in-person events across the business.
She has been shortlisted for three journalism awards, which include BIBA Journalist and Media Awards Scoop of Year Award in 2020, Headline Money Mortgage Journalist of the Year Award (B2B) in 2022 and 2023.
Prior to being a journalist, Anna worked in ecommerce across Snow + Rock, Cycle Surgery and Runners Need websites, and before that worked at specialist financial PR firm Rostrum.
In her spare time, Anna enjoys reading, seeing live music, and cooking for friends and family. When she gets a chance, she also enjoys hiking, skiing and indoor rock climbing.
