Metro Bank cuts resi and BTL mortgage rates

For residential customers, rates have been reduced across both new and existing customer ranges by up to 0.70%.

On its buy-to-let range, which now has enhance stress rates, rates now start at 4.79% (for a 2-year fixed rate with 4% fee) or 4.99% for a 5-year fixed rate with 4% fee. For products with a fixed £1,999 fee, the 2-year rate is 5.79% and for a 5-year product it is 5.49%.

Charles Morley, Director of Mortgage Distribution at Metro Bank comments:

“These product enhancements have been driven by feedback from brokers as they seek to help as many customers as possible to achieve their property goals across both the residential and buy to let sectors. We expect a busy end of year moving into 2024 and we’re delighted to roll out these changes today and offer more choice to the market.”