UK-based Metro Bank has decided to launch its mortgage business in Scotland from the next month through its seven-day-a-week mortgage helpline and also via brokers.
The bank will offer the same ranges and rates which are currently available for the customers in England and Wales.
Metro Bank CEO Craig Donaldson said: “Since we launched our mortgage business back in 2011, we have had great success supporting borrowers and brokers across both England and Wales.
“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.”
Metro Bank Scotland business development manager Neil McLeod will be responsible for the Scottish market.
A research into the Scottish mortgage market, commissioned by the Metro Bank, found that one out of five respondents (21%) feel that the lenders are doing enough to help people get on the housing ladder.
Furthermore, only 18% of the respondents said they will stay with their current bank while purchasing a new home, while 56% of the respondents said will shop around when looking for a lender.
Last month, Metro Bank announced that it registered sixth consecutive quarter of rising profits. It also stated its intention to increase its footprint Liverpool, Leeds, Manchester in the future.