Metro Bank has increased the maximum loan-to-value available on large commercial mortgages to 75% from 70%.
Open to all businesses in England and Wales with at least three years of 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 new premises or have more control over their outgoings.
“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," said Mark Davies, director of commercial banking at Metro Bank, adding "We are serious about supporting business and we hope that these changes will support entrepreneurs and continue to drive growth across the country.”
