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Metro Bank reduces rates on large loan Residential and Buy to Let mortgages

25th July 2013

Metro Bank, the revolutionary High Street Bank, today announces a refresh of its large loan residential and Buy to Let (BTL) mortgage ranges, reducing prices by up to 66bps for residential customers and 50bps for BTL customers.

At 65% LTV, Metro Bank residential mortgage customers can secure loans from £1.5million to £3million with rates starting at 2.79% for a 2 year Tracker mortgage. Rates for BTL mortgages between £750K and £1.5milion will now start at 3.49% for a 2 year Fixed Rate at 65% LTV.

Metro Bank is committed to offering the best in service and convenience to its customers. The bank underwrites all applications on an individual basis to ensure that customers’ personal circumstances are always taken into account. As part of this commitment, customers looking for mortgage loans over £3million are urged to talk to the Metro Bank team directly, who will look at applications on a case by case basis. New customers will also benefit from one single point of contact throughout the application process. In addition, Metro Bank does not sell bank assurance or insurance, allowing it to focus entirely on servicing the customer.

Richard Saulet, Director of Mortgages and Commercial Delivery at Metro Bank commented: “At Metro Bank, our customers and their needs always come first, and today’s reduction in rates for large loan mortgages is an important move for us. We want to build strong relationships with all our customers, and these products, in addition to our commitment to underwrite on an individual basis, will enable us to continue offering the very best in service.”