"We hope to support the increasingly large number of first-time buyers, as well as those looking for a competitive remortgage deal"
According to the lender, rates include a two-year fix from 2.39%, three-year fix from 2.39% and a five-year fix from 2.74%.
Charles Morley, Director of Mortgage Distribution at Metro Bank, commented: “The announcement will especially appeal to those customers looking to take that all important first step on the housing ladder and buy their own home.
By extending our range into the 90% LTV market, as well as offering this LTV on our joint borrower sole proprietor range, we hope to support the increasingly large number of first-time buyers, as well as those looking for a competitive remortgage deal.
Andrew Montlake, Director at Coreco, a London mortgage brokerage, added: "This is another welcome shot in the arm for many borrowers who need that little bit of extra help to get onto the property ladder. Given how tough it can be to save up for a larger deposit - especially with the current high levels of rent in many areas – we are delighted to see Metro Bank move into this market.
Coupled with their high levels of service and excellent customer proposition, this 90% LTV gives borrowers much more choice at higher loan-to-values."
