Metrobank said its total housing mortgage fell by more than a third after selling its £2.5 billion loan portfolio, but added that “the pivot to experts continues.”
Challenger Bank said retail mortgages have fallen 34% to £5.1 billion for a year ago after selling their prime home loans to Natwest in July. 
However, he added to his annual report: “Following recent investments, expert mortgage pivots continue to be made to re-enforce the mortgage business and strengthen product offerings.
“Metro Bank's operational model is tailored to more complex underwriting, and the group will meet the needs of more customers and improve risk-adjusted returns while scaling underserved markets.”
It adds that mortgages remain the biggest component of the 56% lending book.
Lenders offer a variety of lending loans to new landlords and financing companies.
The business also sold an unsecured personal loan of £584 million yesterday to private buyers.
The bank said, “The transaction creates additional lending capabilities to enable Metro Bank to continue its transition to higher yielding businesses, commercial, small business lending and professional mortgages.”
That overall arrears level rose from 3.8% a year ago, driven by the sale of retail mortgage assets and the outflow of unsecured personal loan portfolios, to 5.6% at the end of December.
Lenders lost £222.2 million before tax from £30 million the previous year.
It added that full-year profit after tax increased by £42.5 million from £29.5 million over the same period.
“We are pleased to announce that we are pleased to announce that we are pleased to announce that we are currently working hard to achieve this,” said Daniel Fulmkin, CEO of Metro Bank. “We have made great strides by creating simpler and more agile banks, continuing our strategic shift towards corporate, commercial, small business lending and professional mortgages.
