Metro Bank will withdraw its 75 per cent loan to value (LTV) products in its core and interest-only ranges from tomorrow.
The products will be removed from 5.30pm from tomorrow, but new products will soon be released to replace them.
The lender said that cases must be at the ‘application submitted’ stage and fully packaged by the deadline to ensure customers could secure a product.
It added that any cases outside of these timeframes would not be accepted.
Kensington Mortgages removes duo of special buy-to-let products
Kensington Mortgages said it would remove two special buy-to-let products and replace them with two new special products, which will be launched tomorrow.
This includes a two-year fixed rate at 75 per cent loan to value (LTV), at 2.79 per cent with no fee, as well a five-year fixed rate at the same LTV at 2.95 per cent, and a fee of 1.75 per cent.
It said that a decision in principle illustration would need to be produced and the full mortgage application would need to be commenced by 5pm today, with the full application submitted by 5pm on 19 April to secure the old products.
The new products include a two-year fixed rate at 75 per cent LTV at 3.09 per cent, and a five-year fixed rate at the same LTV tier with a rate of 3.25 per cent. Both come with no fee.
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.
