The lender said rates on all fixed rate commercial mortgages will rise by 0.45%.
Nick Baker (pictured), chief commercial officer at Allica Bank, said: “Movements in swap rates mean we need to make a change to our fixed rate commercial mortgage and specialist buy-to-let pricing. We know brokers are seeing the same pressures across the market, so we also want to be practical about where we can continue to support them and their clients.”
The extended fee waiver will remain available on all eligible new applications submitted until the end of 2026.
Under the scheme, arrangement fees of 1.5% are waived on owner-occupied mortgages of £750,000 or more. Arrangement fees of 2% are also waived on commercial investment mortgages of £750,000 or more and specialist buy-to-let (BTL) mortgages of £1.5m or more.
Allica Bank said the extension is intended to support brokers and established businesses at a time when market conditions continue to put pressure on commercial mortgage pricing.
Episode 1: First-time buyers : Powered by Partnership podcast from Newcastle for Intermediaries
Sponsored by Newcastle for Intermediaries
Baker added: “Extending our arrangement fee waivers until the end of the year is one way we can do that, helping brokers to keep getting deals over the line and established businesses investing and growing.
“We’re serious about backing Britain’s established businesses, and that means working closely with brokers and taking a considered approach to lending as market conditions change.”
