The Cumberland Building Society has launched new commercial lending criteria for those in the hospitality sector as well as businesses in healthcare, professional services and food and drink industries.
The society has increased its maximum loan-to-value (LTV) up to 70% and its maximum loan term up to 25 years, while the maximum individual loan size has gone up to £6 million.
The criteria changes focus on sectors, which The Cumberland has recently entered.
The Cumberland head of commercial Scott McKerracher says: “Changes to lending criteria enhances our offering, giving more options to businesses looking for funding.”
“After listening to our customers, we’ve made this decision to further support them in their ambitions, helping them to access the finances they need to thrive and grow a successful business.”
Last month, the society’s chief executive officer Des Moore announced he will be stepping down from his role in Summer 2026.
