Here is the latest update from the Allica Bank. A Commercial Mortgage lender, that you can access via our commercial mortgage team. For full details of their latest product contact our team today.
You spoke, we listened – key updates to our lending proposition
At Allica, we’re always listening to broker feedback – and acting on it. Based on your input, we’ve made a number of enhancements to strengthen our proposition and give you more options for your clients.
📉 More competitive SBTL pricing
We’ve reduced rates across our Specialist Buy-to-Let range by 0.25%, helping you deliver even better outcomes for your landlord clients.
🏘️ Expanded Social Housing & Local Authority proposition
We’ve broadened our Commercial Investment and SBTL appetite to include:
- C2 Residential Institutions – including care homes and nursing homes
- C3(b) Supported Living / Group Homes
- Selected C3 properties let to Local Authorities or Housing Benefit-funded tenants under commercial lease structures
🌍 Refined Expat Investment proposition
We continue to support expat borrowers, with a clear and sustainable framework:
- Maximum LTV capped at 70%
- Minimum DSCR of 150%
- Rental income to be mandated through an Allica Business Reward Account (BRA)
🏡 Introducing First-Time Landlord appetite
We’re now supporting selected first-time landlords, where:
- The borrower has strong personal income and can support a PG
- The property includes at least 25% residential use
- A professional managing agent is in place
Key criteria:
- Maximum LTV capped at 70%
(typically 65% in line with current LTV limits) - Restricted to C3 properties, with a maximum of 65% VP
These changes are all about giving you more flexibility, clearer lending pathways, and stronger propositions for your clients.