"The market is evolving and the demand for owner occupier finance has continued to grow."
- Gareth Lewis - MT Finance
MT Finance Group has announced the launch of owner occupier finance, designed to help intermediaries support business owners looking to purchase or refinance the premises they trade from or already own.
Owner Occupier Finance offers a five-year fixed rate on loans from £100,000 to £3m at up to 75% loan-to-value (LTV) across standard commercial sectors, and up to £2.5m at up to 70% LTV for specialist sectors. It is available for both purchase and remortgage.
Eligible applicants include individuals, limited companies, LLPs and business partnerships, each with at least two years’ trading experience. Terms range from five to 30 years, with a choice of capital repayment or interest-only options.
The standard range covers healthcare, offices, retail, industrial, automotive, hospitality and childcare, as well as holiday lets operated as a business and assessed using holiday-let income.
The specialist range extends to sectors such as education, leisure, pubs, gyms, and C3B by referral.
Gareth Lewis, deputy CEO at MT Finance, said: "The market is evolving and the demand for owner occupier finance has continued to grow as more business owners look to secure or refinance the premises they operate from.
"This launch allows brokers to support these ambitions with a straightforward funding solution that can accommodate a wide range of sectors while providing certainty through a five-year fixed rate."
Marylen Edwards, director of mortgages at MT Finance, added: "Our broker partners know their clients best and they have consistently highlighted demand for a product that supports business owners looking to purchase or refinance their trading premises.
"Owner occupier finance gives them access to a flexible solution. We are excited about this launch and looking forward to supporting the intermediary community in this way."
