Metro Bank has reintroduced 85% and 90% loan-to-value (LTV) products with new 5-year fixed-rates.

The interest rates will be 2.99% for 85% LTV and 3.29% for 90% LTV, both with a £999 product fee.

Charles Morley, director of mortgage distribution at Metro Bank, said: “We’re pleased to reintroduce these higher LTV rates on our 5-year fixed rate mortgages.

“As physical valuations have returned – and our market gradually begins to reopen – we wanted to give greater choice to customers who can afford to borrow more, as well as those that are keen to step onto the housing ladder for the first time.”

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