Metro Bank has announced that from 5th April it will be expanding its mortgage business into Scotland.
The challenger bank will be offering its mortgage range to Scottish customers both directly – through a mortgage helpline – and via brokers.
Scottish homeowners will benefit from the same range and rates offered to customers in England and Wales.
Neil McLeod, business development manager for Scotland, who joined Metro Bank in January, will be responsible for overseeing its operations in the region.
The bank's entry into the Scottish mortgage market comes after it found that only 21% of Scots believed that lenders were doing enough to help people get on the housing ladder.
The research also found that when looking to buy a home, just 18% of Scottish respondents would stick with their current bank, while 56% would shop around.
“Since we launched our mortgage business back in 2011, we have had great success supporting borrowers and brokers across both England and Wales,” said Craig Donaldson, CEO at Metro Bank (pictured above).
“Our wide range of products, alongside a case-by-case approach to underwriting and unrivalled levels of service has proved to be a winning formula and set us apart from other lenders.
“With our research showing that over half of Scots would consider switching to another lender, I'm excited about entering the Scottish market.”
SIGN UP TO OUR NEWSLETTER TO RECEIVE MORE NEWS LIKE THIS STORY
Specialist banks answer need for products that ‘reflect the reality of today’s society’
Better service and products are the main reasons why a broker would use a specialist bank, according to the latest poll by Specialist Banking...
Leeds Building Society cuts rate on retirement interest-only mortgage
Leeds Building Society has reduced its five-year fixed rate on its retirement interest-only mortgage...
60% of people want to know where their money is invested
Six out of 10 people (60%) want to know where their money is invested, according to the latest research published by Charity Bank...
Why commercial banks are in danger of being left behind
Harnessing a customer-first, technology-led approach, retail banks are paving the way with innovation...
Aldermore supports Quba Solutions with £10m facility
Aldermore has provided a £10m finance facility to Dorchester-based Quba Solutions...
TSB announces new SME banking leadership team
TSB has revealed its new SME banking leadership team as it prepares to launch its business banking proposition later this year...
Paragon Banking Group expects 25% BTL pipeline growth
Paragon Banking Group has announced that its BTL pipeline at 30th September 2018 is expected to be more than 25% higher than the level reported at the same time last year...
Development Bank of Wales moves into new Wrexham HQ
The Development Bank of Wales has opened its new headquarters in Wrexham at Yale Business Village...
Metro Bank announces opening date for Bristol store
Metro Bank has revealed the opening date for its first Bristol store...
Bremer Bank partners with automated lending platform
Bremer Bank has announced that it will be partnering with Numerated to launch an automated lending platform...
Crown Agents Bank appoints new NED
Crown Agents Bank has announced the appointment of Susanne Chishti (pictured above) to its board as a non-executive director...