Recognise Bank agrees £2.6m Buy-to-Let deal
The Bank’s Professional Buy-to-Let loan was used to refinance a mixed residential unit Recognise Bank has agreed a £2.6 million refinance package for Caldew Court, a 35-unit mixed residential development in Carlisle, consisting of 15 two-storey three-bedroomed townhouses, 15 two-bedroomed apartments and five one-bedroomed apartments. The borrower, Wayne McKnight of McKnight and Son Builders Ltd, […]
Recognise Bank increases interest rates on all its variable rate savings accounts
Digital challenger bank increases rates by 25bps for personal and business savers Recognise Bank has increased the interest rate on all its variable rate personal and business savings accounts by 25 basis points. The increase applies to new and existing customers, including accounts no longer on sale. The interest rate increase means that the Recognise […]
Recognise Bank appoints Jean Murphy as CEO
Highly experienced in banking and capital markets, Jean will lead the small business bank as it accelerates its digital development Recognise Bank, the digital SME lender and savings bank, has appointed Jean Murphy as Chief Executive Officer (CEO). Jean brings over 25 years of experience of banking and capital markets for several leading global institutions. […]
Recognise Bank provides £670k loan for residential children’s home
Commercial mortgage used to purchase new premises Recognise Bank has agreed a £670,000 commercial mortgage for an experienced care home provider. The loan will enable the client, The Lewis Group, to purchase Bay Tree House in Gravesend, Kent, which will be used as a residential children’s home. The Lewis Groupwas introduced to Recognise Bank by […]
Recognise implements RiskNarrative to Transform Customer Onboarding
New platform automates customer onboarding based on risk parameters Recognise Bank, the fintech powered business lender and savings provider, has partnered with TruNarrative, a LexisNexis® Risk Solutions company, to completely transform the onboarding process for its SME business lending customers. The Bank, which received its full authorisation in September 2021, is a digital bank created […]
Recognise Bank Appoints new CTO
Sahil Thapa joins from Deutsche Bank to lead technology and innovation teams Sahil Thapa has been appointed Chief Technology Officer (CTO) at Recognise Bank, the digital small business bank serving the UK’s 3.5 million SMEs with lending and business savings products. Sahil has a long career in banking, primarily in technology and change roles, including […]
Recognise Matches BoE Base Rate on Business Easy Access Savings
Popular Easy Access product will now pay SMEs 1.25% AER Following the increase of the Bank of England Base Rate to 1.25%, Recognise Bank has raised the interest rate of its Business Easy Access Savings Account to match. The popular account will now pay small business savers 1.25% AER from the middle of next week, […]
Recognise Bank Provides £550k commercial mortgage for the hospitality sector
Deal will be used to purchase a property currently operating as a restaurant in a busy resort town. Recognise Bank has agreed a £550,000 commercial mortgage for a property investment firm to acquire a retail unit in the popular seaside town of Bournemouth, currently being used as a Korean Japanese restaurant. The borrower, Nofesh Ltd, […]
Recognise Provides Bespoke Portfolio Refinancing Deal
Complex case involving multiple properties with professional buy-to-let and commercial mortgage elements Recognise Bank has announced the agreement of a £4.2 million-plus refinance package for a portfolio investment client. The loan was provided to allow the client to refinance an expiring loan, secured on a mix of residential and commercial properties in various locations across […]
Recognise Increases Rates Across a Range of Business and Personal Savings Accounts
Recognise Bank has increased the interest rates on its entire range of Business Savings Accounts to help small firms make more of their cash during the current challenging economic climate. But to ensure personal customers don’t miss out, it has also upped the rate on one of its most popular Personal Savings Accounts. The new […]
