Metro Bank's best mortgage deals to be launched via brokers.
Metro Bank has launched a pilot scheme where its best mortgage deals will be offered through the broker channel.
For mortgage borrowers in London and the South East the lender's best mortgage deals can now be accessed through a range of brokers, and in the next few weeks the lender plans to extend availability.
When Metro Bank was launched in July 2010 it was the new high street bank to be launched in over 100 years. Mortgages were included in its range of financial services but up recently its deal were only offered direct.
Products offered via brokers are at the same rate level as those offered directly. For loans up to a maximum of £1 million its best mortgage deals start at 3.09% for a 2 year tracker for 60% loan to value and for up to 80% LTV fixed rates start at 3.65% with a £999 fee.
For house purchases in excess of £1 million a range of new deals have been launched for up to 70% LTV from 3.39% with a 1% product fee.
Paul Marriott-Clarke who is the commercial director for Metro Bank commented on the lender offering deals through the broker channel, advising that Metro Bank is looking to build long term intermediary mortgage business.
He added that Metro Bank offers the personal touch. By individually reviewing and underwriting applications on a case by case basis, applicants are considered who would usually fail other lenders automated credit scorecard.
For the best mortgage deals on offer from all lenders throughout the market contact Deal Direct.
Our advisers will find you the best deal on offer.
