In the 90% range the lender is unveiling new two and three-year fixed rate mortgages, priced from 3.19%. The maximum loan size has increased to £675,000 from £540,000.

Metro Bank is also offering a new 85% LTV range with two, three and five-year fixed options available with rates starting from 2.89%. The maximum loan size for these products has been increased to £850,000 from £510,000.

It is also offering a new deal to buy-to-let borrowers, who – from 19 February – will benefit from cuts to the lender’s stress test rate on five-year mortgages, from 4.5% to 4%.

Metro Bank said it has been making ‘significant strides’ in the last few months in its bid to become the nation’s number one specialist lender.

In addition to previous buy-to-let criteria enhancements in November 2020, the bank has grown its mortgages team with a number of experienced hires, all whilst continuing to offer a suite of higher LTV products for residential borrowers when many of its competitors had stepped away from the market.

Charles Morley, director of mortgage distribution at Metro Bank, said: “The higher LTV market has been very active as of late with many lenders stepping back into the fold.

Metro Bank is proud to have remained in this market throughout, whilst reducing rates and expanding our product range in recent weeks.

“We’re listening to the needs of both our customers and our intermediary partners, delivering a substantial number of specialist upgrades and continuing to offer a range of products that are as individual as our customers are.”