Exciting news! Allica Bank is launching a limited-time offer on our commercial owner-occupied mortgages. For the next 8 weeks, we are committing to lend an additional £50 million to SMEs at a margin of 3.50%.
This reduced rate will be available for qualifying owner-occupied mortgages of between £150,000 and £5 million with a loan-to-value of up to a maximum of 60% and where the debt service cover ratio is in excess of 2.0x (see full terms and conditions).
We’re pleased to be able to offer our broker partners this special rate, hopefully meaning you’re able to support even more of your clients. You can find out more in this blog from our Managing Director – Intermediaries, Nick Baker.
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