Metro Bank expands commercial mortgage range
The Bank is offering a new 85% LTV on large commercial mortgages.
Metro Bank has launched a new commercial mortgage, offering 85% LTV for loans up to £5 million.
The loan is open to all businesses in England and Wales with at least two years trading history.
This follow's the launch of Metro's 75% LTV commercial mortgage earlier this year.
The Bank also recently strengthened its commercial lending team, with Richard Jenkins joining as commercial lending director for Wales and the South West.
Mark Davies, director of commercial banking at Metro Bank commented: “Commercial mortgages help businesses of all sizes to secure that next step in their growth journey.
"We know that the benefits of owning your own premises can be transformational in securing the future of your business and we’re thrilled to offer one of the most competitive products available as we become the UK’s best specialist lender on the high street.”
Breaking news
Direct to your inbox:
More
stories
you'll love:
This week's biggest stories:
FCA
FCA bans and fines financial adviser more than £740,000
In The Spotlight
'Turbulence in the mainstream market creates opportunities in the specialist space': Josh Knight, Glenhawk
Housing Market
Almost half of home sellers hit by broken property chains
Regulation
FCA bans and fines trio behind £35.5m investment scheme
This week's biggest stories:
FCA
FCA bans and fines financial adviser more than £740,000
In The Spotlight
'Turbulence in the mainstream market creates opportunities in the specialist space': Josh Knight, Glenhawk
Housing Market
Almost half of home sellers hit by broken property chains
Regulation
FCA bans and fines trio behind £35.5m investment scheme
CHL Mortgages
CHL enhances bridging range with AVMs and enhanced adverse credit criteria
Housing Market
July housing transactions dip 2% amid 'cautious market': HMRC
