Metro Bank has lowered its buy-to-let (BTL) minimum loan size from £100,000 to £50,000.

The changes apply for all new business applications across personal, limited company, houses of multiple occupation and multi unit freehold building lending.

Metro Bank director of mortgages distribution Charles Morley says: “We’re pleased to announce the reduction of our minimum BTL loan size to £50,000. This announcement reflects our ongoing commitment to strengthening our mortgage offering and we remain dedicated to supporting borrowers with flexible, accessible finance solutions.”

“This change also reflects regional variations in average property prices, to enable prospective landlords across the country increased opportunities to invest.”

The changes follow Metro Bank’s announcement last month that it was re-entering the 80% LTV BTL market, as well as reducing rates across residential and BTL ranges.