Following feedback from the broker community, Allica Bank are continuing to expand their lending proposition to help you place more deals with greater confidence*.
Leading the way is their new healthcare investment proposition, designed to support investors in the healthcare space alongside our existing offering for owner operators. Allica Bank have also expanded their commercial investment and bridging appetite to help you unlock even more opportunities for your clients.
New healthcare investment proposition
They can now lend against residential care properties on an investment basis*, including:
- C2 residential care homes and nursing homes (experienced operators only)
- C3(b) supported living and group homes (experienced operators only)
- C3 properties let to local authorities or housing benefit-funded tenants under commercial lease structures
Reduced rates across their specialist buy-to-let product range:
- 0.25% reduction across the range
First-time landlords considered on commercial investment mortgages.
They can now support selected first-time landlords, where:
- The property has at least 25% residential use
- A professional management agent is in place
- Maximum LTV 10% lower than standard
Expat support across commercial investment mortgages and bridging finance:
- Available for single decision-maker businesses or family units (e.g. spouses or parents and children)
- Maximum LTV 10% lower than standard
- Minimum DSC requirement is 150% for commercial investment
- Rental income mandated through Allica Business Rewards Account
- For structures with independent multiple directors, at least one decision-making director must be a permanent UK resident
*All applications are subject to status and lending criteria. Eligibility criteria and terms and conditions apply.
At 3mc, we have a team of expert advisers who can discuss all your mortgage requirements. If you would like to discuss your options, give the 3mc team a call on 0161 962 7800.
All calls are recorded for training and monitoring purposes. 3mc for intermediaries only.
*Your home may be repossessed if you do not keep up repayments on your mortgage. 3mc (UK) Ltd is authorised and regulated by the Financial Conduct Authority and is entered on the Financial Services Register https://register.fca.org.uk/s/ under reference 302992. Please note: The FCA do not regulate Business Buy to Let Mortgages.
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📧 info@3-mc.com
🌐 www.3-mc.com
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