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YBS Commercial simplifies buy-to-let valuations
Capitalrise complete £6.5m development loan for luxury dwelling in Mayfair
Atom bank cuts commercial mortgage rates
Allica Bank has announced record rate reductions across its commercial mortgages product range with reductions by up to 1.20% on owner-occupied commercial mortgages and 0.90% on commercial investment mortgages with a maximum value of £10 million. This is the biggest reduction in rates in the history of the lender.
The bank also has an initiative that allows businesses to achieve a further discount of between 0.25% and 0.50%, depending on loan size, EPC rating or debt service cover. Commenting, Nick Baker, chief commercial officer said: “UK businesses have been through a period of sustained uncertainty and increasing costs, but many now see an opportunity to grow and need our support on their journey."
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