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New BTL lender aims to help landlords “ignored by the big banks”

Recognise Bank has entered the rental market with a new product designed for professional landlords and investors with portfolios of at least four properties. 

The product - called Professional Buy To Let - is Recognise’s first new mortgage since receiving its full authorisation and the lifting of deposit restrictions in September this year.

With rates from 3.49 per cent, borrowers can choose a five-year fixed-rate deal or a variable deal linked to the Bank of England Base Rate. With a maximum Loan To Value of 75 per cent, loans are available from £100,000 up to £5m on either new acquisitions or for refinancing existing portfolios of four properties or more.


Repayment and interest-only payment options are available for terms of up to 10 years. 

The loans can be used for single-let residential houses or blocks of flats let on an AST basis and are open to UK-based individuals, partnerships, Limited Companies and LLPs that meet Recognise’s criteria.

The bank claims that by focusing on borrowers who already have a significant property portfolio, and by offering a range of flexible options, it aims to help raise the quality rental properties in the UK.


Angela Norman, head of corporate development at Recognise, says: “We want to do more than just offer borrowers a buy to let loan – we want to show them we are interested in their business and to support their success. Because we take a personal relationship approach to all our lending, it means advisers and their clients can have a proper conversation about their portfolios, knowing we understand their needs and will be able to offer the right funding solution.”

Recognise Bank was created to serve SMEs that - in its words - “are being ignored by the big banks.”

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    Plenty of loan deals still available at around half of what they are offering.

    I think most landlords will ignore THEM and deal with the mainstream lenders who are more than happy to deal with us, given our typical good credit ratings and proven financial acumen.


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