- Unveils highly competitive 5 Year Fixed range
- Reduces rates by up to 30bps
- Launches new 60% LTV Residential and BTL Fixed products
Metro Bank, the revolution in British banking, has announced that from today it has reduced rates across its 5 Year Fixed Residential and Buy-To-Let (BTL) product ranges, as well as lowering rates across its 2 and 3 Year Fixed BTL and 2 Year Tracker ranges.
Craig Donaldson, CEO at Metro Bank said: “Our competitive rates and fast turnaround times, combined with benefits such as allowing 20% overpayments for residential customers, and top-slicing for BTL customers, means we’re hitting the ground running this year and are ready to support brokers and borrowers up and down the country.”
The bank has introduced a new 60% LTV across its 5 Year Fixed range, as well as reducing rates by up to 30bps, with core range rates now starting from 1.79%.
|
5 Year Fixed Residential Core Range |
|||
|
LTV |
Previous rate |
Change |
New rate |
|
60% |
|
NEW |
1.79% |
|
65% |
1.84% |
No change |
1.84% |
|
70% |
1.94% |
Withdrawn |
|
|
75% |
1.99% |
-0.10% |
1.89% |
|
80% |
2.09% |
-0.10% |
1.99% |
|
85% |
2.19% |
-0.05% |
2.14% |
|
90% |
2.59% |
-0.10% |
2.49% |
|
5 Year Fixed BTL Core Range |
|||
| LTV | Previous rate | Change | New rate |
| 60% | NEW | 2.39% | |
| 65% | 2.79% | -0.30% | 2.49% |
| 75% | 2.89% | -0.20% | 2.69% |
It has also cut rates across its 2 and 3 Year BTL Fixed and 2 Year Tracker ranges. Rates now begin at 2.39%.
|
2 Year Fixed BTL Core Range |
|||
|
LTV |
Previous rate |
Change |
New rate |
|
65% |
2.59% |
-0.20% |
2.39% |
|
75% |
2.69% |
-0.20% |
2.49% |
|
3 Year Fixed BTL Core Range |
|||
|
LTV |
Previous rate |
Change |
New rate |
|
65% |
2.69% |
-0.30% |
2.39% |
|
75% |
2.79% |
-0.30% |
2.49% |
|
2 Year Tracker BTL Core Range |
|||
|
LTV |
Previous rate |
Change |
New rate |
|
75% |
2.79% |
-0.30% |
2.49% |