Written By:
Posted:
January 16, 2025
Updated:
January 16, 2025
Metro Bank has increased the maximum loan to value (LTV) for large commercial mortgages from 70% to 75% LTV.
Large commercial mortgages are available for all businesses in England and Wales with at least three years of trading history.
The lender said that commercial mortgages can benefit small- to medium-sized businesses who want to grow into new premises or have increased control over their outgoings.
Mark Davies, director for commercial banking at Metro Bank, said: “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.”