Metro Bank has launched 95% loan-to-value (LTV) residential mortgages, among a number of enhancements to its product range.
The new 95% LTV range is available for purchase only, with a 2-year rate at 5.99% and a 5-year rate at 5.79%.
Metro Bank also reduced rates in its residential range, with 2-year fixes now starting from 4.99% at 80% LTV, and 5-year fixes from 4.79% at 80% LTV.
Within its buy-to-let (BTL) range, 2-year fixes now start from 3.99% at 65% LTV, with a 5% fee, and 5-year fixes start from 4.59% at 65% LTV with a 5% fee.
Metro Bank has also removed the 5.5% minimum stress rate requirement on its 5-year fixed rate products, and all pound-for-pound remortgages will now stress at pay rate plus 0.5%.
