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.”
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