Metro Bank has reduced rates on its residential 5-year fixed rate mortgages by 20 basis points from today (17 September).
For residential mortgages under £1.5m, the lender is now offering four 5-year fixed rate deals, including: 60 per cent loan-to-value at 2.99 per cent; 70 per cent LTV at 3.19 per cent; 80 per cent LTV at 3.49 per cent; and 85 per cent LTV at 3.79 per cent.
Metro Bank added that it underwrites mortgage applications on an “individual basis to ensure that customers’ personal circumstances are taken into account”.
Brokers can submit applications through the Metro Bank online mortgage portal, it said.
