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Metro Bank to break into buy-to-let

Metro Bank is planning to launch into the buy-to-let sector later this year.

The move is unlikely to be before the third quarter. Both Santander and Yorkshire Building Society have planned entries into buy-to-let in recent months.

Chief executive Craig Donaldson says: “We are currently developing our buy-to-let offering with the expectation to launch at the at the end of Q2 or Q3.”

Metro Bank launched in July last year. It currently has four London branches, in Holborn, Earl’s Court, Fulham, Borehamwood and has recently opened a branch in Tottenham Court Road.

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