Five-year fixed rates cut at Metro Bank

Metro Bank has announced that it has cut rates across its five-year fixed rate residential range.

Related topics:  Finance
Warren Lewis
8th June 2017
houses

According to the lender, for residential mortgages under £2 million, new rates are now available from 1.74% up to 65% LTV.

Other five-year fixed rates are available from 2.04% up to 75% LTV, 2.09% at 80% LTV and 2.24% up to 85% LTV.

Metro has also announced new exclusive five-year fixed rates. A 70% LTV is available from 1.84% exclusively through Mortgage Intelligence and a 90% LTV is available exclusively through L&G at 2.64%.

Additionally, the Bank is reducing its two and three-year fixed at 85% LTV products by 10 bps, from 2.29% to 2.19%.

Charles Morley, Director of Mortgage Distribution at Metro Bank, said: “Given the widespread uncertainty at the moment, we want to provide our customers with rates that will not only benefit their pocket, but will give them peace of mind for the long-term.”

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