Metro Bank introduces loyalty benefits

Charles Morley, head of mortgage distribution, Metro Bank, said: “Metro Bank has always championed existing customers and our new proposition combines the amazing service we are known for with fair and simple products.

“These initiatives represent the latest milestone in our journey and reinforce our commitment to offering customers the very best in service and convenience.”

Metro’s loan book currently stands at £3bn after growing by £798m in the third quarter of 2015.

Jeremy Duncombe, director of L&G Mortgage Club, said: “Following on from Metro Bank’s Intermediary Switching Portal, which incorporates a procuration fee, it’s great to see Metro Bank ensuring the customer gets the best possible product when they switch.

“More lenders are ensuring that intermediaries are recognised for their role in supporting customers choose the best product when they switch, and we hope that others follow suit as soon as possible.”