Allica Bank has expanded its bridging finance offering to give brokers and their clients greater flexibility on mixed-use and semi-commercial property transactions.
The bank will now lend up to 75% loan-to-value (LTV) on semi-commercial bridging, with rates starting from 0.93% per month.
For the first time, Allica will also offer below-market-value leverage of up to 80% of the purchase price, allowing investors to move quickly on discounted opportunities.
Semi-commercial properties are now eligible for Allica’s bridge-to-term structure, introduced earlier this year.
The product gives borrowers a clear route to long-term finance, automatically transitioning from bridging to term lending once agreed conditions are met, without the need for a second refinance or duplicated underwriting.
The changes follow the launch of Allica’s stabiliser and improver bridge-to-term products over the summer, which allow an initial bridging period of up to two years before converting into a lower-cost term loan for up to seven years in total.
Steve Palfreeman, head of sales – bridging finance at Allica Bank, said: “We know brokers are the engine room of SME property finance.
“They’re the ones navigating complexity, managing client expectations, and keeping deals alive when timeframes are tight. This update is about backing them with real firepower.
“We’ve expanded our semi-commercial appetite because brokers told us they needed more flexibility, especially on mixed-use deals where traditional lenders often hesitate.
“By bringing these properties into our bridge-to-term journey, we’re giving brokers a way to offer clients speed now, and certainty later.”
