Metro Bank, known for its exceptional customer service, has reduced interest rates by 0.2% across its fixed rate buy-to-let mortgage range for borrowers up to 70% LTV.
All re-mortgage customers will continue to benefit from two fee assisted re-mortgage options – up to a maximum property value of £2 million.
The new rates are now available as follows:
|
BUY TO LET |
||||
|
Core 2 Year Fixed Rates |
||||
|
LTV |
Current rate |
Change |
New rate |
Fee |
|
60% |
2.29% |
-0.20% |
2.09% |
£999 |
|
65% |
2.44% |
-0.20% |
2.24% |
£999 |
|
70% |
2.54% |
-0.20% |
2.34% |
£999 |
|
75% |
2.64% |
NO CHANGE |
£999 |
|
|
Core 3 Year Fixed Rates |
||||
|
LTV |
Current rate |
Change |
New rate |
Fee |
|
60% |
2.34% |
-0.20% |
2.14% |
£999 |
|
65% |
2.49% |
-0.20% |
2.29% |
£999 |
|
70% |
2.54% |
-0.20% |
2.34% |
£999 |
|
75% |
2.69% |
NO CHANGE |
£999 |
|
|
Core 5 Year Fixed Rates |
||||
|
LTV |
Current rate |
Change |
New rate |
Fee |
|
60% |
2.39% |
-0.20% |
2.19% |
£999 |
|
65% |
2.59% |
-0.20% |
2.39% |
£999 |
|
70% |
2.64% |
-0.20% |
2.44% |
£999 |
|
75% |
2.84% |
NO CHANGE |
£999 |
|
Metro Bank continues to provide one single point of contact throughout a customer’s mortgage process and uses individual case underwriting so that personal circumstances can be considered.
Andy Piggott, Director of Lending Products at Metro Bank, says: “These interest rate reductions are great news for landlords looking to guarantee their mortgage repayments for a period of time – allowing them to better plan their investments and giving them peace of mind for the longer-term.”