Allica Bank has made a series of changes to its commercial mortgage range, including rate reductions and broader lending criteria.
The challenger bank has cut rates across its specialist buy-to-let range by 0.25% and introduced a healthcare investment proposition that will allow lending against selected residential care properties.
Allica said the changes had been introduced in response to broker feedback and were designed to support established UK businesses.
The bank will also consider first-time commercial landlords for commercial investment mortgages, where the maximum loan-to-value is 10% lower than standard, the property has at least 25% residential use and a professional management agent is in place.
For expat borrowers, Allica has widened its commercial investment and bridging proposition to extend its appetite for companies where ownership is based outside the UK.
The healthcare change will enable lending against selected residential care properties on an investment basis, alongside the bank’s existing support for owner-operators.
The announcement follows Allica’s £155 million Series D funding round in February 2026, which valued the bank at $1.2 billion. The bank also reported total lending of £3.7 billion in its 2025 results.
Allica said that, in a 2025 survey of more than 1,000 of its broker partners, 89% rated their experience with the bank as excellent or good.
Nick Baker (pictured), chief commercial officer at Allica Bank, says: “These changes are rooted in one clear principle: listening to our broker partners and understanding what established businesses really need from their bank.
“Established businesses are the backbone of the UK economy, but too often they are held back by rigid lending criteria or a lack of specialist expertise. By giving brokers greater flexibility, we can help more business owners access the funding they need to invest, adapt and grow.
“At Allica, our focus is on building a pragmatic, relationship-led proposition shaped by what brokers tell us their clients need – not by what banks assume they need.”
