Metro Bank has refreshed its buy-to-let range by introducing a 2.39% five-year fixed rate deal at 60% loan-to-value (LTV) while its 75% LTV product has been reduced to 2.69%.
Metro’s competitive rates and fast turnaround times, combined with benefits such as allowing top-slicing for buy-to-let customers, is a step in the right direction according to Craig Donaldson, chief executive at Metro Bank.
“We’re hitting the ground running this year and are ready to support brokers and borrowers up and down the country,” he said.
Metro Bank, which only started accepting consumer buy-to-let mortgage applications in June last year, has also cut loans across residential mortgages, as the lender seeks to support a wider range of customers and broker partners.
Charles Morley, director mortgage distribution at Metro Bank, recently said: “We’re here to support everyone, whether you’re a first-time buyer looking to get your foot onto the property ladder through our joint-borrower sole-proprietor mortgages; a landlord wishing to benefit from our use of top-slicing; or a customer needing a choice when it comes to obtaining a larger loan.”