Fixed rate mortgage range reintroduced by Metro Bank for 2018.
A fixed rate mortgage range with lower LTV’s has been reintroduced by Metro Bank.
Until October this year, the lender had been offering 5-year fixed rate mortgages at 65% and 75% LTV’s. However, the decision was taken to remove these products from the range while a pricing reassessment was carried out.
The lender has now completed this process and relaunched these products, but at higher rates than were previously available.
The details are:
- 65% LTV – offered with a mortgage rate of 1.84%, up from the 1.69% rate offered previously
- 75% LTV – offered with a mortgage rate of 1.94%, up from the 1.79% rate offered previously
Another increase was to the 90% LTV, which is now being offered at 2.59% instead of 2.54%.
Metro Bank’s existing customers are exempt from paying the £999 product fee.
Customers seeking to remortgage can also expect to see similar changes with the relaunching of the 65% and the 70% LTV options.
Metro Bank may be increasing its rates, but this is not the case with all lenders. Many have taken the opportunity to revise their rates downwards – but only for the time being.
To find out who is offering the best deals at the moment, whether you are searching to mortgage your home or remortgage, Deal Direct’s advisers can help.
The skill and expertise we have gained after more than 12 years successfully sourcing mortgages for our customers can benefit you in your search too.
Don’t leave your mortgage search to chance - enlist the help of our qualified mortgage professionals at Deal Direct instead.
Contact us now on 0800 048 8828.
