New Metro Bank five-year mortgage races to the top | Product News - Moneyfacts

Product News

New Metro Bank five-year mortgage races to the top

New Metro Bank five-year mortgage races to the top

Category: Mortgages
Date: 18/08/2016

Metro Bank has introduced a number of new five-year fixed rate products, including a 65% loan-to-value (LTV) mortgage which boasts the lowest rate in the sector. Combined with a reasonable fee, the new deal has rightly jumped to the top of the Moneyfacts Best Buy charts for its sector.

The basics…

This mortgage has a rate of 1.99% that is fixed for five years, making it the market leader of its sector. It's available at a 65% LTV and comes with a £999 fee.

The finer details…

The deal is offered to all borrowers with the necessary deposit. It comes with the option to make overpayments of up to 20% of the outstanding balance per year, giving borrowers the chance to reduce their mortgage capital.

Why we like it…

This mortgage has stormed into the charts and now has the lowest rate in its sector. Taken together with the reasonable fee and flexibility in overpayments, it fully deserves the highest Moneyfacts rating.

Moneyfacts rating: Outstanding

Disclaimer: Information is correct as of the date of publication (shown at the top of this article). Any products featured may be withdrawn by their provider or changed at any time.

 

Disclaimer: Information is correct as of the date of publication (shown at the top of this article). Any products featured may be withdrawn by their provider or changed at any time.

 
Close