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Metro Bank to enter Scottish mortgage market

Tom Belger | 10:11 Wednesday 21st March 2018

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.”

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