Recognise Bank teams up with Rent Chief to offer free property investment tools

Recognise Bank has partnered with Rent Chief to offer professional landlords and property investors a range of research tools to help them identify investment opportunities and better manage their rental portfolios.

Clients will now be able to use Rent Chief’s property investment calculator and property research tool for free on the bank’s website.

The calculator allows landlords and investors to forecast various information, such as the gross yield and overall return on investment for their property.

Meanwhile, the research tool aims to help buyers make informed decisions about the areas and types of property they invest in by offering a range of relevant details, including sales and rental prices at post code level.

Customers of Recognise Bank’s new professional BTL product will also get a three-month free trial of the Rent Chief Pro property management platform.

If they carry on beyond the trial period, they will also get a 10% discount on the 12-month plan. 

The platform is designed to help landlords manage all the important elements of their rental businesses, such as reminders when gas safety checks are due, as well as store EPC certificates and other documents.

It also enables landlords to communicate directly with renters through its tenant portal.

Angela Norman, head of corporate development at Recognise Bank (pictured above), said: “We want to provide professional landlords and investors with more than just a BTL loan.

“We are on a mission to help them run successful, profitable, rental portfolios, and in doing so, ensure good quality homes for the UK’s renters.

“Rent Chief’s tools and calculators gives buyers the resources they need to make informed property investment choices and manage their portfolios professionally. 

“It’s good to partner with another great fintech firm and, in particular working with Patrick [Shuker, founder of Rent Chief], I think we have created a fantastic package for landlords and investors.”

Patrick added: “Rent Chief was created in response to my experience of both investing in and managing property. 

“Outside of corporate property management, there wasn’t a solution for professional landlords that would not only help them make more profitable property investments, but also to manage their rental portfolios all in one place. 

“The challenges to landlords are only going to increase in terms of maximising profit from their properties, but also ensuring good quality homes for tenants due to factors, such as increased EPC standards. 

“I saw in Recognise Bank a desire to really support professionalism in the sector, an ambition that Rent Chief shares, so I am delighted to be partnering with the bank.”

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