Recognise Bank appoints new MD of Commercial Banking
Ian Workman joins from Barclays, where he headed up SME banking relationships. New SME lender Recognise Bank has appointed Ian Workman as its Managing Director of Commercial Banking. Workman joins from Barclays Bank where he spent the bulk of his 30-year career in financial services, the last five years of which he was Head of […]
Recognise Bank funds refinancing of £5m 100-plus property portfolio
£5m Professional Buy-to-let (PBTL) deal completed soon after launch of new product. Recognise Bank has announced the completion of a £5 million Professional Buy-To-Let (PBTL) refinance deal on a large portfolio of properties, following the launch of its new PBTL proposition earlier this month. The bank completed the funding for a family-owned property investment company […]
Recognise helps property investor rejuvenate local high street
Sam was a prospective commercial landlord looking to invest in the area near where he grew up, North Cheshire, by buying a commercial premises that was home to two successful businesses. However, his broker realised there were two major factors working against Sam if they approached a mainstream lender: his age and his seeming lack […]
Recognise Bank Enters Buy-To-Let Market
A new loan for professional landlords and investors with existing property portfolios launches with a headline rate of 3.49%, with fixed and variable rate options. Recognise Bank has entered the buy-to-let market with a new product designed for professional landlords and investors with portfolios of at least four properties. Professional Buy-to-Let is the Bank’s first […]
Recognise Bank selects ClearBank to enhance banking experience
ClearBank, the cloud-based clearing bank, has announced its partnership with Recognise Bank, a subsidiary of City of London Group plc and the UK’s newest SME bank with retail deposit taking capability. The partnership sees ClearBank becoming Recognise Bank’s clearing bank, providing key account infrastructure and access to the UK’s payment schemes, including vital services, such […]
This is the time for Recognise to shine
In our latest blog we look back at the journey to create Recognise Bank After three and half years of hard work, Recognise Bank received its full authorisation in September 2021 with the removal of our deposit restrictions by the PRA (Prudential Regulation Authority). It was the culmination of a journey to create a new […]
Supporting business cashflow during the pandemic
The Professional Indemnity Insurance market has hardened considerably over recent years with fewer insurers in the market and professional design practices in the property and construction sectors seeing huge hikes in the cost of their premiums over the last three years. With premiums now costing between 3% to 5% of a company’s turnover, the challenge […]
Recognise Bank enters Personal Savings market
Recognise Bank launches a range of fixed rate and notice accounts as part of the bank’s mission to support the UK’s growing SMEs. Recognise Bank, one of the UK’s newest banks, has announced that it is entering the Personal Savings market with the launch of a range of fixed rate and notice accounts. Recognise Bank […]
Recognise Bank hits “Magic Moment” as PRA removes deposit restrictions
The culmination of a three-year journey to create a Bank to serve the UK’s SMEs, removal of deposit restrictions allowsRecognise to offer personal and business savings accounts. Recognise Bank has today announced the removal of deposit restrictions by the PRA (Prudential Regulation Authority), making it one of only a handful of banks to receive full […]
Professional Indemnity Insurance costs set to soar
Legal firms face huge costs as the renewal deadline for PI insurances nears. Robert Hulse, our Head of Professional Practice, looks at their funding options. The start of October marks an important financial deadline for many Professional Practice firms, especially in the legal sector, as it is traditionally the time when they have to renew […]
