For new customers, the 90% LTV 5-year fix year is now 3.59%, and the 90% 5-year fix for remortgages is set at 3.64%.

Furthermore, the lender outlined that it is in the process of expanding its mortgage team.

Charles Morley, director of mortgage distribution at Metro Bank, said: “Right now there are plenty of borrowers with smaller deposits looking for a mortgage.

“Metro Bank is proud to continue to support these customers, as they move to a new home or look to jump on the housing ladder for the first time.

“We have really exciting plans to improve our specialist mortgages range in 2021 and the new products that you’ll see will be as individual as our customers are.”