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
Gatehouse Bank closes £100m of commercial property finance
Gatehouse Bank’s commercial real estate team has completed £100m of finance for the first time this year...
Revolut granted European banking licence
Revolut has announced that it has secured its European banking licence...
Starling hires head of SME banking
Starling Bank has announced the appointment of Stuart Doignie as its head of SME banking...
Local brewery secures backing from Development Bank of Wales
The Development Bank of Wales has part-funded a £134,000 capital investment project by Wild Horse Brewing Company...
Metro Bank adds international payments to mobile app
Metro Bank has enhanced its mobile app with the introduction of international payments for its personal and business customers...
How digital technology can help high street banks innovate
As society moves more and more towards a digital future, the closure of retail bank and building society branches is anticipated to accelerate...
Mortgage Industry Collective releases charity single
A group of mortgage professionals have collaborated to release a Christmas charity single to raise money for End Youth Homelessness...
City of London Group appoints first NED for Recognise
City of London Group PLC (COLG) has named Simon Wainwright (pictured above) as the first non-executive director for its subsidiary Recognise Financial Services...
BBB names network director for North and Midlands
The British Business Bank (BBB) has appointed Geoff Whiteland as its new UK network director for the North of England and the Midlands...
Wyelands Bank completes ABL deal for stainless steel supplier
Wyelands Bank has completed a seven-figure, asset-based lending deal for AD Bird Stainless Limited...
Axis Bank names new MD and CEO
Axis Bank Ltd has announced that Shri Amitabh Chaudhry will become its new CEO and managing director...