The limited-edition product is available for borrowing against house in multiple occupation (HMO) properties with up to eight bedrooms, on a five-year fixed rate term.
MT Finance said this was in response to borrowers seeking higher-yield assets and would lower the capital barrier for investors acquiring or refinancing HMOs.
Gareth Lewis, deputy CEO of MT Finance, said: “Our goal is to remain agile and responsive to the needs of our brokers and their clients.
“By lowering rates across our commercial range and introducing an 80% LTV limit for our HMO offer, we are giving our clients significantly more borrowing capacity to achieve their property goals efficiently in the current market.”
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Allica Bank trims commercial and bridging rates
Allica Bank has lowered rates across commercial mortgages and bridging loans as part of a simplification of its range.
The challenger bank said this would make its pricing competitive to high street lenders and, combined with its technology and expertise, would help brokers place more deals.
Its owner-occupied and commercial investment mortgage rates have been reduced by as much as 1.3%, and cuts have also been made to its bridging, semi-commercial, specialist healthcare and children’s nursery products.
Allica Bank has also doubled the rate discount on owner-occupied mortgages to 0.5% for businesses that open a business bank account alongside a commercial mortgage.
In November last year, Allica Bank launched a limited-time offer across its commercial owner-occupied mortgages, where applications submitted before 31 March 2026 and completed by 30 June 2026 will see eligible customers receive 0.5% cashback on the loan amount, excluding fees, and the usual £500 commitment fee waived.
Nick Baker, chief commercial officer at Allica Bank, said: “The whole Allica team is excited to introduce these changes, as we look to get more businesses investing and growing.
“We’ve cut rates across the board, simplified our product suite, and backed it all up with experienced people who pick up the phone and help move cases forward. It means brokers can place more deals with confidence, and their clients get competitive pricing without the friction they might get elsewhere. Our job is to make it easier for brokers to get deals over the line – and this is another step in that direction.”
