Metro relaunches 80% LTV on BTL, makes 50bps cuts, among lender updates

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Metro Bank has relaunched the 80% loan-to-value tier for its buy-to-let range and cut mortgage rates by up to 50 basis points across landlord and residential products, while Paragon has also lowered costs.

Leeds Building Society is bringing out new green residential deals and additional borrowing rates for buy-to-let on Monday.

At Metro Bank, for both landlords borrowing in a personal capacity and through limited companies it has reintroduced 80% LTV products at 5.69%.

In its residential range, for both new and existing customers, it has launched a five-year fixed rate at 80% LTV at 4.99%.

In its large loan range, it has launched a five-year fix which is also 4.99% at 80% LTV.

But in the same range, the lender has increased product fees to 0.25% on two-year deals and 0.5% on five-year products.

At Paragon, two-year and five-year fixed rates for product switches have come down and now start from 4.24%.

Further advance rates have also reduced and now start from 5.6%.

In a major lender update earlier today, Barclays revealed it was increasing loan-to-income limits to six times income.


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