Metro Bank increases its 5 year fixed rate mortgage pricing.
Would-be buyers and remortgaging home-owners looking for a 5 year fix, are advised to get a move on and lock in as mortgage rates are rising.
The Yorkshire Bank group, NatWest, Abbey, Nationwide and the Halifax have all announced that their 5 year fixed rates have increased and now the Metro Bank has followed suit.
The lender's rates have gone up by 0.2%, and the writing could be on the wall for cheaper deals so act now and get yourself a competitive mortgage while you still can.
Metro Bank's rates are now:
- 3.19% for a 5 year fix for 60% LTV.
- 3.59% for a 5 year fix for 65% LTV.
- 3.99% for a 5 year fix for 70% LTV.
In addition the lender has also taken the decision to increase certain 2 year fixed and tracker rates.
Its 2 year fixed rate mortgage for 65% LTV has increased to 2.79% and its 2 year tracker for the same LTV has increased to 2.69%.
If you are planning to buy a new home or remortgage an existing property, you are advised to compare all lenders products to find the one which is the most competitive and best suited to your finances.
For an independent 'whole of market' mortgage comparison enlist the services of Deal Direct. Speak to one of our advisers on 0800 048 8828 to find you the best mortgage market-wide.
Call 0800 048 8828 for a low rate mortgage quote.
