Allica Bank has expanded its range of owner-occupier mortgages, including extending the maximum loan term to 30 years and introducing a five-year interest-only period at the start of the loan agreement, with loan-to-value ratios as high as 75 per cent.
The lender will also increase the maximum LTV to 80% for businesses in accounting, veterinary medicine, construction, property surveying and certain industrial and warehousing sectors.
These changes are specifically designed to support growth businesses, giving them access to additional capital and greater room to grow.
To mark the launch of the update, Allica is launching a limited-time cash back offer where eligible customers will receive 0.5% cash back on the loan amount (excluding fees) for applications submitted between November 26, 2025 and March 31, 2026, and completed by June 30, 2026. Allica will also waive the usual £500 commitment fee during this application period.
Commenting on the product update, Nick Baker, chief commercial officer at Allica Bank, said: “Currently, many business owners are feeling the pinch of high costs and limited access to financing. They are ambitious and ready to grow, but many times, the capital they need doesn’t exist. This is where the broker community is critical – helping these businesses understand their options and find the right financing.”
He added: “At Allica we believe banks also have a vital role to play. By broadening our mortgage parameters and introducing new, flexible options – from longer terms to interest-only terms – we are giving established businesses the confidence and space to invest in their future.”
