Allica commits to lend an additional £50 million at an exclusive reduced rate to SMEs looking for owner-occupied commercial mortgages.

With the economy already looking to be picking up speed, we at Allica Bank are keen to do our bit to help our broker partners ensure their clients can access the finance they need to achieve growth. 

That’s why, today, I’m pleased to announce that Allica Bank is committing £50 million of additional funds to lend to established small and medium businesses. And, to ensure we can help as many businesses as possible, we’ll be doing so at an exclusive reduced margin of 3.50%. 

We’re able to offer this limited-time deal on qualifying owner-occupied mortgages of between £150,000 and £5 million with a loan-to-value of up to a maximum of 60% and where the debt service cover ratio is in excess of 2.0x. (See terms and conditions.)

It’s the kind of rate often found only on the high-street. But now, at Allica Bank, we’re pleased to give brokers access to these rates, as well as the award-winning service of our business development managers – delivered every time with consistency, clarity and collaboration.  

I’m proud to empower businesses to buy or refinance their property and advance their business. And it’s great, too, to broaden the pool of options for brokers looking to support their clients. 

If you have a client that you think will be able to benefit from this exclusive offer, then please do speak to your local business development manager or make an application through our Introducer Portal, while there are still funds available.