The offering is a 95% LTV 5-year fix at 3.89%, which includes a maximum loan size of £570,000.

There is also a top-up option available for existing homeowners and rate switch options for existing customers.

Charles Morley, director of mortgage distribution at Metro Bank, said: “As one of the only lenders to consistently remain in the higher LTV market throughout the coronavirus pandemic, we’ve been working hard to launch into 95% LTV residential mortgages.

“Our customers will benefit from a competitive 5-year fixed rate.

“We’ve also been making a number of new hires across our mortgages business recently, offering specialist lending expertise as we look to appeal to an ever wider range of mortgage customer.”