Metro Bank has increased the maximum LTV for its new build properties, from 85% LTV to 90% LTV.

These products are available for houses and flats at a maximum loan of £675,000 and start from 2.99% for a two-year fix.

Builder incentives, such as white goods, carpets and curtains, and a contribution towards stamp duty, are accepted at up to 5% of the purchase price, too.

As well as this, the lender has ended its temporary 80% LTV limit for further advances and remortgages, bringing the maximum LTV to 90% LTV.

Metro Bank director of mortgage distribution Charles Morley comments: “These improvements to our range of new build residential mortgages, alongside increasing max LTVs for capital raising purposes, ensure that we’re providing greater value, flexibility and choice to both intermediaries and our customers.”