We pass on Base Rate increase to all existing variable rate savers
Following the decision by the Bank of England on 3 February to increase the Base Rate from 0.25% to 0.50%, Recognise Bank passed on the full 0.25 percentage point increase to all its existing personal savings customers with variable rate accounts. Recognise also passed on the full 0.15 percentage point increase to its variable rate […]
Dean Carter appointed as Group Treasurer
Carter brings huge experience of banking and building society sector Recognise Bank has announced that Dean Carter is to become the SME bank’s Group Treasurer. Carter had been working with the Bank last year as it achieved full authorisation, launching a range of personal savings products in September 2021. He is now taking on the […]
Recognise completes £2.3m bridging loan for eco-housing
Funding allows developer to refinance and progress to next stage of the development. Recognise Bank has announced the completion of a £2.3 million bridging loan deal on an eco-housing development in Cambridgeshire. The Bank supported adviser Jason Caprioli, Lending Director at Kingswood Associates, by providing the funding for an experienced property developer. The bridging loan […]
Recognise Bank Opens New Leeds Hub
New base will be a Platform in the heart of the city’s tech cluster. Recognise Bank, one of the UK’s newest challenger banks, has opened a new regional hub in Leeds, showing its commitment to the North and reinforcing its fintech credentials. Recognise will now be based in Platform, Bruntwood SciTech’s building at the heart […]
Recognise Bank Appoints Paul Beadle as Head of Comms
Beadle will oversee the launch of new business savings and lending products. Paul Beadle has been appointed as Head of Communications for Recognise Bank, one of the UK’s newest fintech challenger banks, which launched just over a year ago to serve the country’s small business sector, as well as offering personal and business savings products. […]
Recognise Bank Partners with Rent Chief to Offer Free Property Investment and Research Tools
First lender to work with the property-tech firm, offering free tools and customer discounts. Challenger bank Recognise Bank is partnering with leading property-tech firm, Rent Chief, to offer professional landlords and property investors a range of research tools to help them identify property investment opportunities and better manage their rental portfolios. Recognise Bank is the […]
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 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 […]
