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Important information

Further information about our Business Rewards Account:

Eligibility criteria

Our Business Rewards Account is a current account designed for established businesses who:

  • are incorporated for a minimum of 12 months
  • keep a balance of £50,000 or more in their account
  • or have a loan product with us

See Key Product Information for further information.

Savings Pot

Rate includes standard rate of 3.58% AER, plus a 0.5% boost each month if you make 15 bank transfers the previous month, and a 0.5% boost for six months if you complete a successful switch with the Current Account Switch Service (CASS). Rates correct as of 11th February 2025. 'AER' stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and compounded once each year.

Cashback

Cashback is variable based on eligibility and spend. See a full list of limits and fees here.

Eligibility criteria

To be eligible, your business must have two full years of financial accounts and be either a Limited Company or LLP registered at Companies House, or a partnership or sole trader that operates in England, Scotland or Wales.

Businesses can access a range of hard, medium and soft assets including manufacturing equipment, transportation, plant and machinery, materials handling equipment, textile equipment, robotics, medical equipment, scaffolding, telecoms and more.

Eligibility criteria

UK-registered limited companies, typically with two years of full financial accounts. Your business must be based in England, Scotland or Wales and trade on a business-to-business basis.

Eligibility criteria

Your business must have two full years of financial accounts and be either a Limited Company or LLP registered at Companies House, or a partnership or sole trader that operates in England, Scotland or Wales.

Businesses can include those trading from freehold/long leasehold property in England, Scotland and Wales e.g. offices (including professional practices), industrial units, mixed-use, warehouses, factories, retail, hotels, guest houses, restaurants, public houses, convenience stores and children’s day nurseries. Security will be required.

Eligibility criteria

Available for UK registered limited companies, LLPs, partnerships and sole traders in England, Scotland and Wales.
 

Fast and flexible short-term property finance

Bridging finance

Borrow up to £10 million to bridge finance gaps and achieve your residential or commercial property goals. Speak to our expert bridging loan team today.

Enquire now Product guide (PDF)
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Borrow between £150k - £10m

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Up to 75% loan to value

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Loan term of 3–24 months

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Real human support

Our bridging products

Bridging loans from £150,000 to £10 million,* offering you a wide range of property funding options. Click to view our tariff of fees.

Get in touch with us: 020 7846 9030 or bridging@allica.bank.

Alternatively, connect with one of our regional business development managers:


*Maximum loan size can be higher on a case-by-case basis.
**Rate shown is per month and is variable rate inclusive of Bank of England Base Rate.

Residential
  • Short-term funding for landlords, developers and property professionals
  • Up to 75% LTV with rates from 0.71%**
  • Fast track process applicable to cases <70% LTV
  • No personal guarantees up to 65% LTV

Residential

Residential bridging is an effective way to achieve your goals in various ways. Here's what you can use a residential bridge for:

  • New-builds, HMOs, small blocks of flats and Buy-To-Let portfolios, auction, acquisition
  • Refinance
  • Capital raise
  • Securing planning permission
  • Short-term business cash flow
  • First charge and second charge loans
  • Light & medium refurbishment
  • Development exit
  • Mortgage delays
  • Below market value (BMV) purchases considered up to 90% of purchase price (PP)
Commercial and semi-commercial
  • Funding up to 70% LTV
  • EPC improvement, quick acquisitions, rental stabilisation periods
  • Both owner-occupier and commercial investment use cases
  • Terms up to 24 months

Commercial

Looking for bridging finance on a commercial property? Our fast and expert team can help with a range of property types.

  • Mixed use
  • Retail
  • Office
  • Industrial
  • Warehouse
  • Student accommodations
  • Garages & showrooms
  • Food outlets
  • Factories
  • Hotels

 
Refurbishment (GDV) lending
  • Property renovations or full refurbishment projects
  • Up to 75% LTV and 100% works funded
  • Loans from £250,000 to £2 million
  • 90% loan to cost

Refurbishment

A refurbishment bridge is ideal for those looking to quickly access funds for property renovations or improvements.

Light refurbishment

  • Works loan limited to 50% of open market value (OMV)
  • Energy Performance Certificate (EPC) enhancements such as upgrading electrics, boiler, insulation for walls and floors, new double and triple glazed windows and doors  

Medium refurbishment

  • Loft conversions
  • Reconfigurations
  • Single storey extensions
  • Commercial to residential schemes

Floor area not to increase by more than 25%, a maximum cost plan 100% of OMV and works duration limited to 12 months.
Refurbishment bridge
  • 85% LTV residential or 80% LTV semi-commercial
  • Facility capped to 75% / 70% of the post works value
  • Loan sizes from £150,000 to £2m
  • Terms up to 18 months

Refurbishment

Work examples:

  • EPC improvements
  • Internal reconfigurations
  • Residential to HMO conversions
  • Change of use projects
  • Small permitted development projects

80% / 85% LTV gross bridge, with post works value (GDV) limited to: 

  • 75% LTV for residential
  • 70% LTV for semi-commercial (residential element to be > 50%)
  • Commercial elements valued on a vacant possession basis (VP)
  • Works scheduled to be no longer than 12 months
  • Competent contractor carrying out works
  • No MS/QS reporting

 

Fast-track your
application

No need to wait for a full valuation. Get a quick decision with our fast-track application process.

  • Get a term sheet within four hours
  • Automated and desktop valuations
  • Digital security and identity checks
  • Title and indemnity insurance
  • Asset-first underwriting
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We’re giving established businesses the banking they deserve

Transforming relationship banking with great rates, smart people and powerful technology. It’s a new take on an old idea – just like our orange hats.

See the difference a better bank can make.

Talk to us

Chat with our client services team and see how we can help you with bridging finance.

 

Please ensure you meet our eligibility criteria.

 

You’ve got questions.
We’ve got answers.

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