Metro Bank is making changes to its residential and buy-to-let mortgage pricing and adding new fees as of tomorrow, 24 June.

In a note to brokers, the lender reveals it will reduce its 75 per cent LTV BTL range for new customers by 20bps.

Metro Bank’s residential mortgage pricing for large loans is also to be reduced, by 60 bps, while its existing customer ranges will increase by up to 40bps.

A fee of £199 will apply for existing residential and BTL further advance applications as of tomorrow, while buy-to-let product fees increase to £1,499 for new business.

The lender says to ensure clients secure the current products available, brokers must submit correctly packaged applications with all the necessary documents by 5.30pm on Wednesday 24 June 2020.