Metro Bank has cut rates across its residential and BTL range by up to 40bps.
The rate cuts, which also apply to the lender’s new prime and large loan residential range, are effective from today.
For new BTL customers, rates on two-year and five-year fixed products now start from 2.99% and 4.19%.
Existing customers can access rates from 5.19% and 5.09% on these respective fixed terms.
Rates differ — for both new and existing clients — across HMOs, MUFBs and limited company ownership applications.
Charles Morley, director of mortgage distribution at Metro Bank, commented: “As a specialist lender we’re constantly assessing the competitiveness and criteria of our product range, across both our residential and BTL ranges.
“Today’s reprice is just one way we aim to meet the needs of brokers and borrowers, alongside our industry leading criteria and customer service.”
