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."
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Metro Bank plc published this content on 06 December 2019 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 06 December 2019 11:15:01 UTC