Record mortgage growth for High Street lender
Britain’s fastest growing high street lender Metro Bank has revealed a large rise in residential mortgage lending of more than 400% over the last year. It is also seeking to expand that further by doubling mortgage lending over 2014, to reflect the growing needs of existing and new customers and broker partners.
Richard Saulet, Director of Mortgages at Metro Bank said: “At Metro Bank our customers and their needs always come first. Extending our mortgage range to 85% LTV is something that will make a difference to our customers, and it demonstrates our ongoing commitment to help people with lower deposits buy their own homes.
“After a year of huge growth in our residential mortgage lending, the new products, combined with our ability to underwrite on a case by case basis, will ensure that we can continue to provide the best in service and convenience to our customers and broker partners.”
Alex says that “this provides further positive evidence that property activity is increasing with more assistance from lenders. Although there is more that lenders can do for buyers, it is a most encouraging step in the right direction.”