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Metro Bank to launch into Scotland

Metro Bank will launch into Scotland from 5 April.

The firm will do this through brokers and direct via telephones.

Metro’s first Scottish BDM is Glasgow-based Neil McLeod, who joins from a role as a BDM at Halifax.

However, the firm plans further expansion and to hire more BDMs in the future.

Metro will initially focus on mainland Scotland and will not lend on the surrounding islands.

The lender’s research on the Scottish market shows that 56 per cent of Scots want to shop around when looking for a lender. Only 18 per cent would consider staying with their current bank.

Metro also found that the Scots are optimistic about the housing market and their chances for homeownership.

Twenty-eight per cent of the 2,007 surveyed agreed the Scottish housing market was the strongest for a decade.

Metro Bank director of mortgage distribution Charles Morley says: “Our research shows us that the Scottish market needs a new prime lender that does things differently.”

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