Together, we have increased the largest loan sizes on several commercial products.
Professional lenders say that the top loan size for commercial terminology products has increased to £5 million, with the loan-value ratio increasing to 70% purchases and 65% for rimmute gauge products.
The company's top buying loan size will increase from £2.5 million to £4.5 million.
The largest non-standard property LTV will increase from 60% to 65% of all products that fall across commercial and personal finances, including single billing and BTL mortgages.
For a second-time billing homeowner's business loan, the lender will increase the maximum loan size from £500,000 to £1 million from 70% LTV.
“Our confidence in the market has been demonstrated by lending our strong appetites, and our ability to fund non-standard properties demonstrates the strength of our underwriting team.”