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023 8045 6999

Allica Bank

About Us

Documents
Proc Fees
Product Gross Fee paid by lender Net fee paid to regulated broker Net Fee paid to non-regulated & client referral service
Commercial 1.50% 0.75% 0.375%
Buy to Let 1.50% 0.75% 0.375%

Allica Bank have made some exciting changes to their commercial proposition.

Recently named by The Times newspaper as one of the UK’s Top 20 financial technology (fintech) companies, Allica is a new bank that exists to empower established small and medium sized enterprises (SMEs) to succeed, through our unique combination of modern technology, local relationships and tailored expertise.

Their aim is simple, to help brokers support as many of their clients as possible. These changes will enable more loans to more clients.

Owner Occupied

  • Repayment Type
    Capital & Interest 5 to 25 years
    Up to 2 year Capital Repayment Holiday (CRH) available
  • Typical Margin Range
    4.55% – 5.85% subject to status
    Loans > £1.5m 25bps reduction
  • Debt Service Cover
    130% (using Adjusted EBITDA)
    If CRH taken DSCR must cover the remaining amortising loan
  • Super Prime Borrower
    Margin of 3.5% plus base rate for loans which demonstrate 2 x Debt Service Cover at a maximum of 60% LTV
  • LTV
    Varies per property type – maximum 80% LTV

Semi & Commercial Investment

  • Repayment Type
    Capital & Interest (5 to 25 years) or Interest Only (5 to 10 years)
  • Typical Margin Range
    4.50% – 5.75% subject to status & LTV. Loans > £1.5m 25bps reduction
  • Debt Service Cover
    135% (using Gross Rent)
    Interest-only loans must evidence affordability on a 25 year repayment profile


  • LTV
    Varies per property type – maximum 80% LTV
Standard investment & Owner-occupied
Owner occupied with 2 x DSC
Standard Property Type
VP
VP
Factories
75%
80%
Food Outlets - Takeaway
70%
70%
Garages / Vehicle Showrooms
75%
75%
Industrial Units
75%
80%
Mixed Use / Multi-Let (exc Residential and Retail)
75%
85%
Offices
75%
80%
Retail Units (Lock Up)
75%
80%
Retail Units with Commercial Uppers
75%
80%
Retail Units with Residential Uppers
75%
80%
Student Accommodation
60%
80%
Warehouses
75%
80%
Investment
Owner-occupied
Owner-occupied
Business Property Type
VP
VP
MV1
Children's Day Nurseries
75%
80%
70%
Convenience stores
75%
80%
70%
Professional Practices
75%
80%
70%
Food Outlets - Restaurant
70%
70%
65%
Guest Houses/B&Bs
70%
70%
65%
Hotels
70%
70%
65%
Leisure
70%
70%
65%
Public Houses
70%
70%
65%

All loan to values above are maximums and are subject to credit view on quality of the asset and other factors of the application.

Please note

Our phone lines will be closed on Thursday 1st May until 10.30am for staff training.

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