Metro Bank has reduced rates by up to 50bps across its BTL residential, and near prime ranges and is also re-entering the 80% LTV BTL market as part of the changes.
Rates have been cut across Metro Bank’s two-year and five-year fixed individual BTL, HMO/MUFB and limited company BTL products by between 0.1% – 0.3%.
The new rates are effective from today, 14th November.
Charles Morley, director of mortgage distribution at Metro Bank comments:
“As a specialist lender we work hard to ensure our products continue to meet the needs of both brokers and borrowers, whether that’s through our pricing, our market leading criteria or focus on customer service.”
