Mercantile Trust expands lending criteria and launches new calculator

By

Tara Evans

Mercantile Trust has unveiled a series of significant criteria enhancements designed to give brokers greater flexibility and confidence when placing cases.

Tara Evans, Chief Executive of Mercantile Trust, said:

“We’re focused on giving our partners greater flexibility and helping them place more cases with confidence.

These updates reflect our ongoing commitment to listening to the market and responding with practical, common-sense improvements that make a real difference.”

Key Criteria Enhancements

As part of the update, Mercantile Trust has introduced:

  • Maximum term extension on term loans from 300 months to 360 months
  • Maximum LTV in Northern Ireland increased to 75%
  • Maximum loan size on second charges increased to £500,000
  • Increased selected LTV bandings for Status 1 and Status 2 cases
  • Valuation enhancement: Automated Valuation Models (AVMs) are now accepted on purchases, helping brokers move cases through more quickly

These changes are designed to widen lending opportunities while maintaining Mercantile Trust’s pragmatic underwriting approach.

New & Improved Calculator

Alongside the criteria enhancements, Mercantile Trust has launched a fully updated, integrated calculator. The new system features:

  • A fresh, modern design
  • Improved user experience
  • A simplified affordability process
  • One integrated calculator for all products

The new calculator is built to make structuring cases quicker, clearer, and more efficient for brokers.

Mercantile Trust continues to support brokers across the UK with flexible buy-to-let mortgages and bridging finance, underpinned by manual underwriting and a relationship-driven approach.

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