Lenders need to be alive to market changes to support borrowers
Dean Carter, Recognise Bank’s Group Treasurer, discusses the role lenders can play to keep the market flowing during the current economic challenges. If the Bank of England’s decision to raise the Base Rate to three per cent wasn’t much of a surprise, then the notes about the Monetary Policy Committee’s (MPC’s) decision are likely to […]
Recognise boosts rates on 95 Day Notice Accounts for business and personal savers
Both 95 Day Notice Accounts now pay 3.00% AER, matching the Bank Base Rate. Recognise Bank has passed on last week’s 75bps Base Rate rise in full to its Business 95 Day Notice Account and Personal 95 Day Notice Account, so savers with either account will now earn 3.00% AER, the same as the current […]
Recognise passes on full Bank Base Rate rise to Business 95 Day Notice savers
Business 95 Day Notice Account will pay 3.00% AER,matching the Bank Base Rate. Following today’s increase in the Bank Base Rate by 75bps to 3% by the Bank of England, Recognise Bank has announced it will pass on the full rise to its Business 95 Day Notice Savings Account customers, so the account will pay […]
Recognise agrees £1.16m loan for complex multi-property portfolio deal
Rental portfolio acquired through company purchase. Recognise Bank has financed the complex purchase of a portfolio of mixed buy-to-let properties with a £1.16 million Professional Buy-to-Let (PBTL) loan, after the borrower had been let down by a number of other lenders. The properties on a housing development in Worksop, Nottinghamshire, were owned by a limited […]
Recognise pledges to pass on next Base Rate rise to Business 95 Day Notice savers
Recognise Bank has increased the rate on its Business 95 Day Notice Savings Account to 2.25% AER to match the current Bank of England Base Rate. But it’s support for hard pressed SMEs doesn’t end there. Recognise has also promised to pass on the next Bank Base Rate increase in full to Business 95 Day […]
Gavin Keyte joins Social Investment Business Board
Gavin Keyte, Head of Credit at Recognise Bank, has been appointed to the Board of the Social Investment Business. SIB supports charities and social enterprises to build stronger and fairer communities. It does this by offering funding and flexible, adaptive support to the organisations that make up the social economy, providing them with the tools […]
Helping a charity in its missions to generate funds for good causes
A UK based charity supporting different communities at home and across the globe wanted to acquire a retail site in the Midlands to generate funds to help fund its good works. Although the ultimate purpose of the loan was somewhat unusual, and the borrower wanted to complete within six weeks, Recognise Bank approached the application […]
Recognise Bank Supports Automotive Business with Commercial Mortgage
10-year deal will be used to purchase the firm’s own premises. Recognise Bank has agreed a £555,000 commercial mortgage to help an automotive business purchase its own premises. Ralph & Co. Limited, which specialises in vehicle repairs and servicing, was looking for an enhanced loan-to-value (LTV) deal to acquire its existing trading and workshop site […]
Recognise Bank Boosts Interest Rate on Business Easy Access Savings Account
The Bank passes on the full Bank of England Base Rate Rise to Support Under Pressure SMEs. Recognise Bank has passed on the Bank of England’s 50bps interest rise in full to its Business Easy Access Savings customers in a move to help SMEs make the most of their cash during the current economic turmoil. […]
Recognise Bank Boosts Rates on Personal Savings Accounts
Interest Rates Increased on Current 35 Day Noticeand 95 Day Notice Savings Accounts. Recognise Bank has increased the rates on its current 35 Day Notice and 95 Day Notice Personal Savings Accounts. The 35 Day Notice Account now pays an interest rate of 1.25% AER, while the 95 Day Notice pays savers 2.20% AER. Announcing […]
