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
U Account introduces cash pay-in option
U Account has launched a cash pay-in option for its 50,000 current account customers.
Aldermore provides £6.27m loan for south London development
Acre Invest has agreed a £6.27m funding package with Aldermore to build a large commercial unit and 18 apartments in Sydenham, south London.
Metro Bank to launch AI-powered money management service
Metro Bank has announced the upcoming release of Insights, a new artificial intelligence-powered money management service.
Over 500,000 complaints made about current accounts
The FCA has revealed that 509,047 complaints were made to financial services firms about current accounts during the second half of 2017.
A guide to ethical banking
Some 56% of workers with a pension are interested in investing in community projects, according to recent research.
Countingup partners with PrePay Solutions
PrePay Solutions (PPS) has joined forces with challenger bank Countingup to provide business accounting and banking together in one place.
TSB and Enterprise Nation offer SMEs digital MOT test
TSB’s small business customers have the opportunity to undertake a newly created digital MOT test as they join the Enterprise Nation community.
Revolut introduces spare change savings feature
Revolut has become the latest mobile banking platform to add a spare change savings feature to its current account.
GDPR compliance highlighted at first FIBA roadshow
The Financial Intermediary & Broker Association (FIBA) held its first regional roadshow last Thursday (12th April) in north London.
Moneyhub integrates with Monzo and Starling
Moneyhub has integrated with Monzo and Starling’s APIs to provide customers of the digital banks with a comprehensive overview of all their financial assets.