Allica Bank has expanded its owner-occupier mortgage range to include an increase in its maximum loan term to 30 years and the introduction of a five-year interest-only period at the start of agreement on loans up to an LTV of 75%.

The lender will also be increasing its maximum LTV to 80% for businesses in the accountancy, veterinary, architecture, property surveying, and select industrial and warehousing sectors.

The changes are designed specifically to support growth-minded businesses, giving them access to extra capital and greater headroom.

To mark the launch of the updates, Allica has introduced a limited-time cashback offer, which will see eligible customers receive 0.5% cashback on the loan amount (excluding fees) for applications submitted between 26 November 2025 and 31 March 2026, and completed by 30 June 2026. It will also waive its usual £500 commitment fee during this application period.

Commenting on the product updates Allica Bank’s chief commercial officer Nick Baker said: “Right now, many business owners are feeling the squeeze of high costs and limited access to finance. They’re ambitious and ready to grow, but too often, the funding they need just isn’t there. That’s where the broker community is so vital – helping those businesses navigate their options and find the finance that fits.”

He added “At Allica, we believe banks have a crucial role to play too. By expanding our mortgage parameters and introducing new, flexible options – from longer terms to interest-only periods – we’re giving established businesses the confidence and headroom to invest in their future.”