Metro Bank increases maximum LTV on large commercial mortgages
Metro Bank has increased the maximum loan-to-value (LTV) available on large commercial mortgages to 75% from 70%.
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 – Commercial Banking at Metro Bank comments:“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.”
