Allica Bank cuts rates and streamlines lending range
By Tara SammonsAllica Bank has cut made price reductions across its commercial mortgage and bridging products and simplified its full lending range.
Section: Products
Allica said it hopes this move, combined with its human expertise and powerful technology, will help brokers place more deals.
Changes include a reduction of up to 1.3% on rates for owner-occupied and commercial investment mortgages, alongside a host of other price drops to its bridging, semi-commercial and specialist healthcare products.
The lender has also doubled the discount on owner-occupied mortgages to 0.5% when a business opens a business bank account alongside a commercial mortgage.
Nick Baker, CCO at Allica (pictured above), 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.”
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