Editor's note: This brief was summarised by The Property AI Newsroom from a report by Mortgage Strategy. Read the original article for full details.
Metro Bank Reports Record Growth in Specialist Mortgage Lending
Metro Bank has announced record lending figures, with a 73% year-on-year increase in specialist mortgages, reaching £2.2 billion in the first half of 2026. At the same time, the bank reduced its prime mortgage lending by 32% to £2.7 billion as it shifts its focus towards niche lending areas.
The bank’s specialist lending now includes commercial and SME finance, alongside specialist mortgages. Overall, balances in Metro Bank’s target lending segments grew by 43% year-on-year to £6.2 billion.
Metro Bank reported pre-tax profits of £61 million for the first half of 2026, up from £43 million in the same period last year. The bank is also expanding its presence by signing three new store leases and introducing new products and services in response to customer demand.
For UK letting agents and inventory clerks, Metro Bank’s increased focus on specialist mortgages and commercial lending may signal more tailored finance options for landlords and property professionals. The bank’s strategic shift away from prime mortgages could also impact the types of mortgage products available in the market.
Source: Mortgage Strategy