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.
Major product update – backing our brokers!
I am excited to summarise the changes we are making to our product range as follows:
- Extended Limited Edition prime rate for Owner-occupiers – 3.5% up to 60% LTV
- New Limited Edition prime rate for Owner-occupiers – 3.65% up to 70% LTV
- New Limited Edition prime rate for Commercial and Semi commercial investment
- Further margin reduction (25bps) on prime rates for energy efficient properties (rated A-C)
- Continued 0.25% reduction in rate for all non-prime applications over £750,000
- Increased maximum loan on care homes to £10m
- Lending up to 100% of MV2 on care homes for experienced operators
- Reduced rates from 3.5% on care homes
- Lending up to 100% of VP on Children’s day nurseries