Metro announce mortgage lending to begin in Scotland from 5th April

Metro Bank has confirmed this morning that, from the 5th of April, its mortgage business will be available in Scotland, both direct and via brokers.

Related topics:  Finance
Warren Lewis
21st March 2018
scotland money

Overseeing the Scottish market will be Neil McLeod, Business Development Manager for Scotland. Prior to joining Metro Bank in January, McLeod spent over three years as a BDM at Halifax. He began his career at Bank of Scotland, where he spent five years in the retail and mortgage business.

Research commissioned by Metro Bank into the Scottish mortgage market has found that among Scottish respondents, only one in five (21%) believe lenders are doing enough to help people get on the housing ladder.

Additionally, when looking to buy a home, only 18% of Scots would stick with their current bank, while over half (56%) would shop around.

Craig Donaldson, CEO at Metro Bank, said: “Since we launched our mortgage business back in 2011, we have had great success supporting borrowers and brokers across both England and Wales. Our wide range of products, alongside a case-by-case approach to underwriting and unrivalled levels of service has proved to be a winning formula and set us apart from other lenders.

With our research showing that over half of Scots would consider switching to another lender, I’m excited about entering the Scottish market."

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