Metro Bank has reintroduced 95% loan to value products and cut fixed-rate deals across its landlord and residential product ranges.
Highlights of the specialist bank’s residential reductions include:
Reintroduction of 95% LTV purchase only, starting from two years at 5.99% and five years at 5.79%
- Two-year fixes now start from 4.99% at 80% LTV
- Five-year fixes now start from 4.79% at 80% LTV
Highlights of the specialist bank’s buy-to-let reductions include:
- Two-year fixes now start from 3.99% at 65% LTV, with a 5 % fee
- Five-year fixes now start from 4.59% at 65% LTV, with a 5 % fee
The lender will also scrap its 5.5% minimum stress rate requirement on five-year BTL fixes as well as all “pound-for-pound remortgages” and will now stress at pay rate plus 0.5%.
