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

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

Allica Bank, the challenger financial institution for established companies, has carried out important pricing reductions across its industrial mortgage and bridging merchandise, explicitly positioning itself to compete instantly with high road lenders on value.

The financial institution confirmed it has reduce charges on owner-occupied and industrial funding mortgages by up to 1.3 per cent. The transfer is a part of a broader simplification of its full property-backed lending vary, designed to assist brokers drive funding among the UK’s established enterprise community.

Deepening relationships

Nick Baker, chief industrial officer at Allica

Alongside the headline fee cuts, Allica has launched value reductions across its bridging, semi-commercial, specialist healthcare, and youngsters’s nursery merchandise.

The financial institution is also incentivising deeper banking relationships. It has doubled the low cost on owner-occupied mortgages to 0.5 per cent for companies that open a current account alongside their mortgage. This follows a limited-time provide launched in November, which waives the £500 dedication price and gives 0.5 per cent cashback for eligible purposes submitted before 31 March 2026 and accomplished by 30 June 2026.

Nick Baker, chief industrial officer at Allica, commented on the strategy: “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.”

Growth trajectory

Allica, which focuses on companies with between 5 and 250 workers, lately reported that it had lent over £3.5billion to established companies across the UK.

The financial institution has seen fast expansion, having been named the UK’s fastest-growing company by The Sunday Times in 2024 and topping Deloitte’s UK Fast 50 for 2 consecutive years (2023 and 2024). Allica claims its annual income development makes it the “fastest-growing fintech ever,” having damaged into yearly profitability in 2023.

Its acknowledged ambition is to seize 10 per cent market share over the next 5 years, difficult the dominance of major banks that it argues often overlook the wants of established SMEs.

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