For the first time, Allica will offer below-market-value leverage up to 80% of the purchase price.
For the first time, Allica will offer below-market-value leverage up to 80% of the purchase price.
The SME lender says it wants to strengthen its long-term commitment to the intermediary market.
This move supports brokers with clients seeking diversification opportunities within the commercial space.
The changes apply to buy-to-let, commercial term, first and second charge mortgage, and consumer buy-to-let products.
The Association is placing a renewed focus on technology, service, and assurance.
The lender's range is now accessible to a wider range of landlords, investors and brokers.
The lender has reduced rates across its business and buy-to-let products.
The new development rate complements a wider suite of solutions including bridging, refurbishment, and commercial mortgages.
The bank plans to grow its direct and vendor propositions.
We spoke to Caroline Luxmore, chief commercial officer at Recognise Bank, about demand for bridging on residential versus commercial property, which industries or sectors seem...
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