Metro Bank cuts residential and BTL product ranges Mortgage Strategy

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Metro Bank has reduced pricing across its residential and Buy-to-Let product ranges.

The residential rates are reduced between 30 – 70 basis points for new and existing customers.

The high street bank, which services 2.8 million customer accounts, said it has also enhanced its Buy-to-Let stress rates.

The rates for its buy to let ranges now start from 4.79% for a 2-year fixed rate with a 4% fee or 5.79% with a £1,999 fee. A 5-year fixed rate start from 4.99% with a 4% fee or 5.49% with a £1,999 fee.

Metro Bank director of mortgage distribution Charles Morley said: “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.”


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