Allica Bank has enhanced its bridging finance proposition for semi commercial properties.

The bank will now lend up to 75% loan-to-value (LTV) on semi-commercial bridging, with rates starting from 0.93% per month at that level.

It will also offer leverage of up to 80% of the purchase price.

Semi-commercial properties are now eligible under Allica’s bridge-to-term product, introduced earlier this year.

Allica Bank head of sales, bridging finance Steve Palfreemand says: “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.”

This comes after Allica launched two bridge-to-term products that run for up to seven years.

The deals start as a bridging agreement and then move onto a lower-cost loan when agreed conditions are met.

They are designed to support projects that do not yet meet commercial mortgage criteria and borrowers carrying out refurbishments.