You are here: Home - First Time Buyers - News -

Metro Bank launches 85% LTV mortgages

0
Written by:
30/01/2014
Challenger bank Metro has increased its maximum loan-to-value (LTV) to 85% on a range of mortgages.

At 85% LTV, a two-year tracker deal will be available to customers at 3.39%, a two-year fixed rate will be available at 3.49% and a five-year fixed rate mortgage will be available at 4.09%. The products are available for mortgages up to £750,000 and can be accessed directly through Metro Bank’s branches and through brokers.

Richard Saulet, director of mortgages at Metro Bank, said:

“At Metro Bank our customers and their needs always come first. Extending our mortgage range to 85% LTV is something that will make a difference to our customers, and it demonstrates our ongoing commitment to help people with lower deposits buy their own homes.

“After a year of huge growth in our residential mortgage lending, the new products, combined with our ability to underwrite on a case by case basis, will ensure that we can continue to provide the best in service and convenience to our customers and broker partners.”

The bank became the first to offer seven-days-a-week banking when it launched in 2010.

Tagged:

There are 0 Comment(s)

If you wish to comment without signing in, click your cursor in the top box and tick the 'Sign in as a guest' box at the bottom.

Six bank statement mistakes that can ruin a mortgage application

Being overdrawn and having a history of payday loans can be red flags to lenders when they...
Six bank statement mistakes that can ruin a mortgage application

Fancy fixing your mortgage rate for 40 years? Don’t forget about your pension

Super-long mortgages are becoming more popular but, if you need to make monthly repayments...
Fancy fixing your mortgage rate for 40 years? Don't forget about your pension

Guide to remortgaging pitfalls

It may seem like remortgaging is an easy way to save money, especially if you have large d...
Guide to remortgaging pitfalls

Guide to borrowing past retirement age

As an older borrower, you may be concerned that a lender will not offer you a mortgage pas...

Mortgage market biased against homeowners

Buy-to-let property investors are unfairly favoured in the mortgage market, an independent...

Should buy-to-let investors ‘go Dutch’?

The Netherlands is revealed as Europe’s top buy-to-let property hotspot

Private sector tenants in poverty double in decade

The number of private rented sector tenants in poverty has doubled in the last decade from...

Large mortgage broker firm launches with fees of over 1%

An insurance firm has launched a mortgage advice service

Second steppers targeting detached properties

Those living in their first home are increasingly looking to reduce the steps to their lon...

Mortgage Calculators