023 8045 6999 | www.complete-fs.co.uk | commercial@complete-fs.co.uk

Allica Bank have made some exciting changes to their commercial proposition.

Recently named by The Times newspaper as one of the UK's Top 20 financial technology (fintech) companies, Allica is a new bank that exists to empower established small and medium sized enterprises (SMEs) to succeed, through our unique combination of modern technology, local relationships and tailored expertise.

Their aim is simple, to help brokers support as many of their clients as possible. These changes will enable more loans to more clients.

Product Snapshot

Owner Occupied

• Repayment Type
  Capital & Interest 5 to 25 years
  Up to 2 year Capital Repayment Holiday (CRH) available
  

• Typical Margin Range
  4.55% - 5.85% subject to status. Loans > £1.5m 25bps reduction
  

• Debt Service Cover
  130% (using Adjusted EBITDA)
  If CRH taken DSCR must cover the remaining amortising loan
  

• Super Prime Borrower
  Margin of 3.5% plus base rate for loans which demonstrate 2 x Debt Service Cover at a maximum of 60% LTV
  

• LTV
  Varies per property type - maximum 80% LTV
  

Click here to LTV limits for each property type

Product Snapshot

Semi & Commercial Investment

• Repayment Type
  Capital & Interest (5 to 25 years) or Interest Only (5 to 10 years)
  

• Typical Margin Range
  4.50% - 5.75% subject to status & LTV. Loans > £1.5m 25bps reduction
  

• Debt Service Cover
  135% (using Gross Rent)
  Interest only loans must evidence affordability on a 25 year repayment profile
  

• LTV
  Varies per property type - maximum 80% LTV
  

Click here to LTV limits for each property type

Proc Fee

0.75%

Got a case in mind?

If you have any questions about Allica Bank products,

please contact the team below.

Commercial

commercial@complete-fs.co.uk

or alternatively you can call us on 023 8045 6999
Option 3, then option 1 new business, option 2 existing case.

023 8045 6999

commercial@complete-fs.co.uk

www.complete-fs.co.uk

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