Allica Bank reduces bridging pricing and launches cashback incentive

Allica Bank has enhanced its bridging proposition, reducing pricing on loans over £750,000 by 0.03% across residential, semi-commercial and commercial bridging products.

This builds on the removal of exit fees for refurbishment finance, alongside a pricing reduction, with rates now starting from 0.77%.

The bank is also expanding the use of its asset manager for inspections and drawdowns.

Alongside these changes, Allica is introducing a limited-time cashback offer across all bridging loans.

New applications submitted between June 1st and September 30th 2026, will see eligible customers receive 0.25% cashback on the loan balance once completed by October 31st 2026.

Allica also expanded its specialist bridging team earlier this year, with Emma Jones joining as BDM for the South West and Wales and Rio Norris as senior underwriter.

Steve Palfreeman, head of bridging sales at Allica Bank (pictured above), said: “Other lenders may be slowing down when it comes to bridging, but we’re speeding up — quite simply because it’s what brokers and established business owners want.

“Whether it is improving pricing, simplifying processes or introducing something practical like cashback, our focus is always on helping brokers get the deals they need for their customers as easily and quickly as possible.

“The need for flexible bridging solutions is only increasing, and we’re excited to not only welcome two highly skilled colleagues to our team but also remain on track for £250m in bridging originations this year, which reflects the continuously strong appetite for straightforward and fast lending that puts people at the heart of it.”