Metro Bank improves its mortgage selection

Metro Bank has announced changes to its residential and buy-to-let mortgage range aimed at supporting customers amid an uncertain economic climate.

The lender has introduced policy improvements by enhancing income multiples reintroduced for residential remortgages and purchases, reducing five-year fixed BTL stress rate, and reintroducing portfolio buy-to-let.

The bank has also expanded its residential product offering by launching new 60% and 85% loan-to-value (LTV) products and new three-year fixes across all LTVs under its core range. It has also reintroduced legal-assist remortgage products and reduced product fees.

Under its large loan range, the bank has unveiled a new 60% LTV product with rates starting from 4.39% and new three-year fixes available across all LTVs. Legal-assist remortgage products were also reintroduced.

Metro Bank’s professional range also received a boost with reduced pricing across the range with a max LTV of 85% and reduced product fees.

The buy-to-let product enhancements include a new 60% LTV BTL product, a new two-year fixed rate, reintroduced legal-assist remortgage products, and reduced rates and product fees.

“We’re so pleased to unveil these positive changes to our residential and buy-to-let mortgage product range, allowing us to help more customers who may be struggling to get a mortgage elsewhere,” Charles Morley (pictured), director of mortgage distribution at Metro Bank, remarked.

“This is particularly important given today’s economic backdrop of the cost-of-living crisis and rising energy costs. This move further demonstrates our commitment to consumers, market confidence, and the resilience of the sector.”

source: mpamg

Related posts

Is the housing market going to crash? What the experts are saying

India, US sign ‘Cultural Property Agreement’ for retrieval of antique objects

Deutsche Bank’s US Commercial Property Loans Are a Growing Drag on Its Profits