Allica Bank has made a series of enhancements across its commercial mortgage range after broker feedback.

The changes include a healthcare update, which enable lending against select residential care properties on an investment basis, alongside its existing support for owner-operators.

In addition, Allica will now consider first-time landlords for commercial investment mortgages with a maximum loan-to-value (LTV) 10% lower than standard, and where the property has at least 25% residential use and a professional management agent is in place.

In addition, the bank has also reduced rates across its specialist BTL range by 0.25%.

For expat borrowers, Allica has enhanced its commercial investment and bridging proposition to extend its appetite for companies where ownership is based outside of the UK.

Allica Bank chief commercial officer Nick Bank says: “These changes are rooted in one clear principle: listening to our broker partners and understanding what established businesses really need from their bank.”

“Established businesses are the backbone of the UK economy, but too often they are held back by rigid lending criteria or a lack of specialist expertise. By giving brokers greater flexibility, we can help more business owners access the funding they need to invest, adapt and grow.”