Allica Bank Slashes Commercial Mortgage and Bridging Rates to Take on High Street Banks

Allica Bank, the challenger bank for established businesses, today announces significant pricing reductions across its commercial mortgage and bridging products, alongside a simplification of its full property-backed lending range.

Designed to put Allica in direct price competition with the high-street banks, Allica says it hopes this move, combined with its human expertise and powerful technology, will help brokers place more deals and drive up investment among its established business community.

Changes include a reduction of rates on owner-occupied and commercial investment mortgages by up to 1.3%, alongside a host of other price drops to its bridging, semi-commercial, specialist healthcare and children’s nursery products.

As Allica looks to deepen its relationships with established business owners, it has also doubled the discount on owner-occupied mortgages to 0.5% when a business opens a business bank account alongside a commercial mortgage.

In November last year, Allica also launched a limited-time offer across its commercial owner-occupied mortgages, where applications submitted before 31 March 2026 and completed by 30 June 2026 will see eligible customers receive 0.5% cashback on the loan amount (excluding fees), and the usual £500 commitment fee waived. 

Allica announced last year it had lent over £3.5 billion to established businesses across the UK. It also reported that 87% of its commercial mortgages and bridging finance brokers rated it as good or excellent in its most recent feedback survey.

Nick Baker, Chief Commercial Officer at Allica, 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. Our job is to make it easier for brokers to get deals over the line – and this is another step in that direction.”