Metro Bank have announced a broker update, available below. Contact us to see how we help brokers like you across the UK, Alternatively please refer to our Mortgage Lending Criteria Guide and Product Guides.
Announcement
Metro Bank launches 95% residential and makes rate reductions across BTL and Residential range
Great news! We have made a number of enhancements to our Residential & Buy to Let Ranges.
So what’s new?
Residential:
- New 95% LTV fixed rates – purchase only, starting from 2 year at 5.99% and 5 year at 5.79%
- Reduced rates:
- 2 year fixed rates now starting from 4.99% at 80% LTV
- 5 year fixed rates now starting from 4.79% at 80% LTV
Buy to Let:
- 2 year fixed rates now starting from 3.99% at 65% LTV (5 % fee)
- 5 year fixed rates now starting from 4.59% at 65% LTV (5 % fee)
- Removal of 5.5% minimum stress rate requirement on 5 year fixed rate products and all pound-for-pound remortgages and will now stress at pay rate +0.5%. View our Rental Criteria Guide for full details.
Our Buy to Let calculator has been updated in line with the changes.For full details on the points above, please refer to our Mortgage Lending Criteria Guide and Product Guides.