The lender said rates on owner occupied and commercial investment mortgages have been reduced by up to 1.3%. Additional price reductions have also been applied to its bridging, semi commercial, specialist healthcare and children’s nursery lending products.
The changes are aimed at increasing competitiveness with high street banks, particularly for established business borrowers.
Allica has also increased the discount available on owner occupied commercial mortgages for businesses that open a business bank account alongside a commercial mortgage. The discount has been doubled to 0.5%.
Separately, the bank is running a limited time offer on commercial owner occupied mortgages. Applications submitted before 31 March 2026 and completed by 30 June 2026 will be eligible for 0.5% cashback on the loan amount, excluding fees, with the £500 commitment fee waived.
Allica said it has lent more than £3.5bn to established businesses across the UK to date. The bank also reported that 87% of brokers who have used its commercial mortgage and bridging finance products rated it as good or excellent in its most recent feedback survey.
Nick Baker, chief commercial officer at Allica (pictured), said: “The whole Allica team is excited to introduce these changes, as we look to get more businesses investing and growing.
"We’ve cut rates across the board, simplified our product suite, and backed it all up with experienced people who pick up the phone and help move cases forward. It means brokers can place more deals with confidence, and their clients get competitive pricing without the friction they might get elsewhere. Our job is to make it easier for brokers to get deals over the line – and this is another step in that direction.”
