Allica enhances commercial range with BTL rate cuts and expanded criteria 

Allica Bank has announced a series of enhancements across its commercial mortgage range.

The changes include reduced rates across Allica’s specialist buy-to-let range, greater support for first-time commercial landlords, a new offering for expat borrowers and a brand-new healthcare investment proposition.

The healthcare updates now enable lending against select residential care properties on an investment basis, alongside Allica’s existing support for owner-operators.

Allica will now also consider first-time landlords for commercial investment mortgages with a maximum LTV 10% lower than standard, and where the property has at least 25% residential use and a professional management agent is in place.

In addition, the bank has also reduced rates across its specialist buy-to-let range by 0.25%.

For expat borrowers, Allica has enhanced its commercial investment and bridging proposition to extend its appetite for companies where ownership is based outside of the UK. 

Nick Baker (pictured), chief commercial officer at Allica Bank, said: “These changes are rooted in one clear principle: listening to our broker partners and understanding what established businesses really need from their bank.

“Established businesses are the backbone of the UK economy, but too often they are held back by rigid lending criteria or a lack of specialist expertise. By giving brokers greater flexibility, we can help more business owners access the funding they need to invest, adapt and grow.

“At Allica, our focus is on building a pragmatic, relationship-led proposition shaped by what brokers tell us their clients need - not by what banks assume they need.”