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Metro Bank cuts buy-to-let rates

Metro Bank has reduced interest rates by 0.2% across its fixed rate buy-to-let mortgage range for borrowers up to 70% LTV.

For 2-year fixes there is a 2.09% product available at 60% LTV, a 2.24% mortgage at 65% LTV and a 2.34% deal at 70% LTV.

Within the 3-year fixed rate range which saw the same 0.2% price reduction, there is a 2.14% offering available at 60% LTV, a 2.29% deal at 65% LTV and a 2.34% product at 70% LTV.

In addition, three 5-year fixes have seen their rates drop by the same 0.2%.

There is a 2.19% deal at 60% LTV, a 2.39% mortgage at 65% LTV and a 2.44% mortgage at 70% LTV.

Each product within this fixed rate buy-to-let range comes with a £999 product fee.

Andy Piggott, director of lending products at Metro Bank, said: “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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