Metro Bank launches 90% LTV residential range

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Metro Bank has launched a 90 per cent LTV range for first-time buyers, movers and remortgage customers for loans up to £500,000.

 The new range includes two- and three-year fixed rate loans from 2.39 per cent and a five-year fixed from 2.74 per cent.

Metro Bank director of mortgage distribution Charles Morley says: “By extending our range into the 90 per cent LTV market, as well as offering this LTV on our joint borrower sole proprietor range, we hope to support the increasingly large number of first-time buyers, as well as those looking for a competitive remortgage deal.”

Coreco director Andrew Montlake says: “This is another welcome shot in the arm for many borrowers who need that little bit of extra help to get onto the property ladder.

“Given how tough it can be to save up for a larger deposit – especially with the current high levels of rent in many areas – we are delighted to see Metro Bank move into this market.”