Metro Bank is scrapping fees for existing residential mortgage customers completing either a residential rate switch or further advance on loans up to £2m.
The bank’s previous deal gave existing residential mortgage customers half price fees when transferring to a new product.
The bank says it has made the move following broker feedback.
Metro Bank director of mortgage distribution Charles Morley says: “We want a relationship for the long-term with both our customers and broker partners, not just a short-term fling.
“That’s why we’ve abolished fees for existing residential mortgage customers.”
The bank does not dual price to incentivise new customers.