Property finance

A snapshot of our lending

We lend to established businesses and property investors in the UK. We’re proudly backing businesses across manufacturing, retail, hospitality, logistics, food outlets, care homes, and children’s day nurseries. And plenty more.

You’ll have a named contact who gets to know your business, responding quickly and offering a clear path forward from your first conversation.

Loans from £150,000 to £20 million.
Repayment terms ranging from two to 30 years.
Up to 80% LTV (deposits as low as 20%).

Get your own relationship manager

The same person on the end of the phone - every time, every step of the way.

Making deals happen

We look for ways to say yes, not just reasons to say no.

Faster decisions

We won't hold things up. We can make decisions in days, depending on the details.

Fair and flexible

We tailor our rates and loan structures to reflect what you really need.

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Step 1: Apply in minutes

Securely connect your bank accounts and upload your documents, all in one place.

Step 2: Get a decision

If your application is approved (subject to status), we'll email you some final documents to sign.

Step 3: And you’re off!

Once everything is signed, your overdraft will be available in your Business Rewards Account and ready to go whenever you need it.

Eligibility criteria

Allica’s business overdraft is made for Business Rewards Account customers who need the flexibility and tools to grow their business and must:

Need an overdraft over £25,000 for business purposes
Be a UK Limited Company or Limited Liability Partnership.
Have been trading for at least 24 months.
Generate an annual turnover of more than £500,000 and be profitable.

If your overdraft application is approved but you don't already have a Business Rewards Account, you'll need to open one before your overdraft can be set up.

Product information

Make sure you read the documents below carefully before you apply for an overdraft. If something isn't clear, or you need a helping hand, please get in touch.

Featured customer stories

Rainbow Productions

This mascot-maker expanded their premises with Allica’s help.

South East

Ashley Care Group

Ashley Care Group purchased their fifth care home within six weeks.

South East

Kinder City

Nursery chain, Kinder City, acquired their premises so that they could invest in it and grow.

South East

The Devil's Stone Inn

The Devil’s Stone Inn are saving £1,000 a month in repayments after remortgaging with Allica.

South West

What type of property finance could be right for my business?

Your options for property finance depend on your reasons for buying. If you want to buy your own premises, an owner-occupied commercial mortgage may be best. If you’re operating as a commercial landlord, our commercial investment mortgages should be more appropriate. The best way to find out is to book in a call with us.

What affects how much property finance I could borrow?

We assess every application on its own merits, but there are several criteria we need you to meet. These include the size of your deposit (minimum 20%) and debt service cover (proof that you can more than afford the repayments). We’ll also review your trading history, financial accounts, and your director(s).

How long can property finance be arranged for?

The term of your property finance will depend on the type of product you choose. Our commercial investment mortgages have a maximum term of five years. Our owner-occupied commercial mortgages can be arranged for up to 30 years.

How long does it take to get a commercial mortgage?

It varies based on your business, the property you’re buying, and your lender. We’ve managed to move some customers from application to approval in as little as one week, but it all depends on the case.

What documents do I need to apply?

To get a decision in principle, you need to provide basic company information (e.g. company number, ownership structure, and top-line financial figures), along with the estimated value of the property, how much you want to borrow and the size of your deposit (your loan-to-value ratio). For your full application, you’ll need to share more detailed company and financial information.

What happens after I apply?

Your relationship manager takes your application to our underwriters and explains your story. If the underwriter is satisfied, they’ll approve the application. Then, the legal bits start – valuations, searches, surveys, and so on. You’ll work with your lawyers, relationship manager, and the vendor’s agent(s) to get all this done.

Should I choose a commercial mortgage or buy-to-let finance?

Buy-to-let finance is a specific type of commercial mortgage, reserved for the purchase of residential property by a landlord. If your deal meets those criteria, you can get a commercial buy-to-let mortgage. If not, there are other types of commercial mortgage you can get.

Should I choose longer-term property finance or bridging finance?

Your choice of finance depends on your situation and needs. Bridging finance is typically used to bridge short-term gaps in cashflow – like if you’re refurbishing a property or going through a process of rent stabilisation. Our bridging finance is available on terms of up to 24 months.

Can I remortgage my commercial property to release equity?

Yes, it’s possible to remortgage and refinance commercial properties. The process is broadly similar to residential remortgaging.

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Criteria	Description
Loan size	£150,000 to £15 million
Repayment type	5-year interest only 5-year partially amortising
Arrangement fee	2.0%
Debt service cover	Commercial: 130% Semi-commercial: 120% Repayment cover calculated at pay rate for fixed rate mortgages and pay rate plus 2% for variable rates.
Early repayment charges	5 year fixed: 5%, 4%, 3%, 2%, 1% (years 1–5) Variable: 3% for the first 5 years

Criteria	Description
Loan size	£150,000 to £10 million
Repayment type	30 year capital & interest 5-year interest-only available at the start of the loan term for loans up to 75% LTV
Arrangement fee	1.5%
Debt service cover	130% Calculated on the rate not including the current account discount Repayment cover calculated at pay rate for fixed rate mortgages and pay rate plus 2% for variable rates
Early repayment charges	5 year fixed: 5%, 4%, 3%, 2%, 1% (years 1–5) Variable: 3% for the first 5 years
Owner-occupied hotels	Loans over 80% of VP value must be fully amortising from day one Personal guarantee to be given for any amount in excess of 70% of VP value

Criteria	Description
Loan size	£200,000 to £15 million
Repayment type	5-year interest only
Arrangement fee	2.0%
Interest cover	130% standard, 145% higher rate taxpayer Gross rent used for residential/ MUFB applications if; evidence of 3 months' loan repayments in cash via bank statements and one UBO/director with Experian Consumer score of 881+ plus a supporting personal guarantee. Otherwise we will use net rent assumption of gross rent minus 10%. HMO properties will always be assessed using gross rent minus 25%
Early repayment charges	5%, 4%, 3%, 2%, 1% (years 1–5)

Criteria	Description
Loan size	£500,000 to £15 million £5 million maximum loan for first time buyers
Repayment type	Capital and interest Experienced operators: 30 years First time operators: 20 years
Arrangement fee	1.5%
Debt service cover	130% adjusted EBITDA for children’s nurseries and experienced care operators 150% adjusted EBITDA for care first-time buyers Repayment cover calculated at pay rate for fixed rate mortgages and pay rate plus 2% for variable rates
Minimum size	Care homes: 20 bedrooms Specialist care: 4 bedrooms, if one or two properties, and flexible if there are three or more properties Children's nurseries: 40 places
Early repayment charges	5 year fixed: 5%, 4%, 3%, 2%, 1% (years 1–5) Variable: 3% for the first 5 years
Specialist care operators	Children’s learning disability care Adult learning disability residential care Adult supported living Minimum of three years as a specialist care home owner-operator required

Criteria	Description
Loan size	£150,000 to £10 million
Maximum loan to value	75% for residential and semi-commercial properties, 70% for commercial
Term	Up to 24 months
Fees	Arrangement fee of 2%, deducted from advance
Borrowers	UK registered limited companies, LLPs, partnerships and sole traders
Security	First legal charge over freehold or long leasehold title(s)
Insurance	Title insurance and search indemnity applied where possible
Valuations	AVMs and desktop valuations available up to 70%
Interest	Retained or serviced

Property Finance

Property finance that moves at your speed

Fast to apply, faster to use

Access up to £2 million

Overdrafts made human

A snapshot of our lending

Your path to buying commercial property

Buying a property to rent out

Securing your own premises

Growing your buy-to-let portfolio

Running a healthcare setting

Bridging a gap in finance

Refinancing an existing mortgage

Not sure what you need?

“We were three months into applying with a high-street bank and still weren't made an offer. Allica made us a commercial mortgage offer within seven days.”

Why businesses borrow from Allica

Applying for an overdraft is quick and easy

Step 1: Apply in minutes

Step 2: Get a decision

Step 3: And you’re off!

Eligibility criteria

Product information

A little extra breathing room is only a few clicks away

We’re there when you need us

Featured customer stories

Frequently asked questions

Your path to buying
commercial property

Applying for an overdraft
is quick and easy