Metro Bank relaunches 85% LTV mortgages

17 July 2020 | General

Metro Bank has reintroduced 85% and 90% LTV 5-year fixes.

The interest rates will be 2.99% for 85% LTV and 3.29% for 90% LTV, both with a £999 product fee.

Products are for purchase and remortgage on properties worth up to £600,000.

Charles Morley, director of mortgage distribution at Metro Bank, said: “We’re pleased to reintroduce these higher LTV rates on our 5 year fixed rate mortgages.

“As physical valuations have returned – and our market gradually begins to reopen – we wanted to give greater choice to customers who can afford to borrow more, as well as those that are keen to step onto the housing ladder for the first time.”

Applications for further advances aren’t accepted over 80% LTV.

This post has originally been featured in Property Wire.