Allica Bank

Business banking used to be — just better.

BridgingCommercial MortgagesBuy-to-LetFCA regulated

Max LTV

85% (bridging)

Interest from

0.69% pcm

Loan size

£150,000–£10m

Term

Various by product

Charges

1st

Areas

England, Wales and Scotland

Who they are

Allica Bank is on a mission to give established businesses, and the brokers who support them, the banking they deserve. Our core lending supports a wide range of deals, including commercial mortgages, bridging finance and asset finance. Alongside lending, we offer business current account, so you can support your client beyond a single deal. With direct access to experienced business development managers and underwriters, expect fewer delays, clearer answers, and a smoother journey. We’re also proud to be named Commercial Lender of the Year at the Bridging & Commercial Awards for five years in a row.

Their ethos

We believe established businesses deserve better banking. That’s why we support and reward them with fast, reliable decisions and real human support. Our experienced business development managers and underwriters work closely with broker partners to deliver a personal, straightforward service when it matters most.

What they specialise in

We specialise in straightforward business banking and finance for established businesses across the UK, including asset finance, bridging finance, commercial mortgages, growth finance, invoice finance and specialist buy-to-let.

Meet the team

Stephen Spinks

Head of Broker Sales – Commercial Mortgages (South and Central)

stephen.spinks@allica.bank

Charissa Chang

Head of Broker Sales – Commercial Mortgages (North and Midlands)

charissa.chang@allica.bank

Steve Palfreeman

Head of Broker Sales – Bridging Finance

steve.palfreeman@allica.bank

Brandon Hall

Head of Broker Sales – Asset Finance

brandon.hall@allica.bank

Contact

Allica Bank Limited, 4th/5th Floor, 15 Worship Street, London, EC2A 2DT

www.allica.bank/introducers

bridging@allica.bank

Lending criteria

Funding model: Deposit funded
FCA regulated: Yes
Fixed/variable interest: Fixed and variable options
Treatment of interest & default interest: Various by product, please call to discuss
Sectors: Residential, HMOs, offices, industrial, retail and hospitality, as well as specialist sectors including healthcare, professional practices, public houses, schools and nurseries
Max LTGDV: Bridging finance up to 65%
Max LTC: Bridging finance up to 90%
Min property value: Case-by-case basis
Valuation retypes: Yes
Rental calculations & exposure: Commercial investment and owner-occupied 130% debt service cover; semi-commercial investment 120% debt service cover; repayment cover calculated at pay rate for fixed rate mortgages and pay rate plus 1% for variable rates
Types of valuation accepted: Bridging finance – full RICS valuations; AVMs and desktop valuations available up to 70% (standard bridging)
New builds: Yes
Heavy refurb: No
Grade listed buildings: Grade 1 or Grade A (Scotland) listed buildings are out of appetite but can sometimes be done by exception
Green/sustainable product: Yes (commercial mortgages: 0.25% for EPC rating A–C evidenced at application)
Planning permission needed: Case-by-case basis
Commission rate: Various by product, please call to discuss
Associations/charters: NACFB Patron
Types of landlords accepted: Experienced only
Upfront fees: Bridging finance: yes
Broker portal: Yes
Early redemption charges: Yes
Investment: Yes
Owner occupied: Yes
Electronic signatures accepted: Yes
Lending on land: No