You are here: Home - First Time Buyers -

Metro Bank relaunches mortgages for borrowers with a 10% deposit

0
Written by: Lana Clements
24/09/2020
The lender is offering a fixed mortgage up to 90% of the property's value
Metro Bank relaunches mortgages for borrowers with a 10% deposit

Metro Bank has dipped its toe back into high loan to value (LTV) lending with the launch of a new five-year fix for borrowers with a 10 per cent deposit.

The lender is offering 3.99 per cent fixed for five years with a £999 fee for new purchases.

Remortgages are also available but at a higher rate of 4.24 per cent.

Applications for further advances over 80 per cent LTV will not be accepted, and Metro is also declining customers who are on or have recently been furloughed.

Jeremy Cook, head of corporate relationships mortgages at Metro Bank, said: “We’re pleased to reintroduce our five-year fixed rate mortgages at 90 per cent LTV.

“There are lots of customers with smaller deposits looking for a mortgage at the moment, and we’re thrilled to support them as they seek to get on the housing ladder or move home.”

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.

Sorry. No data so far.

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

Read previous post:
Sunak announces Winter Economy Plan

The plan includes a new jobs support scheme, more support for businesses, and help for the self-employed

Close