Metro Bank increases maximum LTV on large commercial mortgages
The maximum LTV has now increased to 75%.
"We are serious about supporting business and we hope that these changes will support entrepreneurs and continue to drive growth across the country."
- Mark Davies, director of commercial banking at Metro Bank
Metro Bank has increased the maximum LTV available on large commercial mortgages from 70% to 75%.
Open to all businesses in England and Wales with at least three years trading history, commercial mortgages can be beneficial for small to medium sized businesses of all kinds who would benefit from being able to grow in a new premises or have more control over their outgoings.
Mark Davies, director of commercial banking at Metro Bank, commented: “For businesses of any size in any sector, the chance to own their own premises can be transformational in terms of enabling future growth and financial security.
"We are serious about supporting business and we hope that these changes will support entrepreneurs and continue to drive growth across the country.”
Breaking news
Direct to your inbox:
More
stories
you'll love:
This week's biggest stories:
Inflation
Interest rates could rise as Bank of England responds to oil shock
First-time Buyer
Just one profession pays enough for buyers to afford average UK home
FCA
APPG urges overhaul of 'systemically flawed' UK financial conduct regulation
Interest Rates
Bank of England forecast to hold interest rates 'well into 2027' as inflation tops 4%
This week's biggest stories:
Inflation
Interest rates could rise as Bank of England responds to oil shock
First-time Buyer
Just one profession pays enough for buyers to afford average UK home
FCA
APPG urges overhaul of 'systemically flawed' UK financial conduct regulation
Interest Rates
Bank of England forecast to hold interest rates 'well into 2027' as inflation tops 4%
Bank Of England
Bank of England holds interest rates as inflation risks persist
FCA
FCA confirms new incident reporting and third party rules
