MT Finance Group has launched owner occupier finance.

The lender says the new commercial mortgage product is 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 £3 million at up to 75% loan-to-value (LTV) across standard commercial sectors, and up to £2.5 million at up to 70% LTV for specialist sectors.

Available for both purchase and remortgage, eligible applicants include individuals, limited companies, LLPs and business partnerships, each with at least two years’ trading experience.

The terms range from five to 30 years, with a choice of capital repayment or interest-only options.

The standard range covers a broad range of sectors, including healthcare, offices, retail, industrial, automotive, hospitality and childcare, as well as holiday lets operated as a business and assessed using holiday-let income.

In addition, it extends to sectors such as education, leisure, pubs, gyms, and C3B by referral.

MT Finance deputy chief executive Gareth Lewis says: “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.”