Recognise Bank enters BTL market - Mortgage Introducer

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This BTL product is Recognise Bank’s first new lending product since receiving its full authorisation and the lifting of deposit restrictions in September 2021.

With rates from 3.49%, borrowers can choose a 5-year fixed-rate deal or a variable deal linked to the Bank of England Base Rate.

With a maximum loan-to-value (LTV) of 75%, 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 Assured Shorthold Tenancy (AST) basis, and are open to UK-based individuals, partnerships, Limited Companies and LLPs that meet Recognise Bank’s lending and affordability criteria.

Angela Norman, head of corporate development for Recognise Bank, said: “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.”