Recognise launches five-year fixed-rate commercial mortgage option

Recognise Bank has expanded its commercial term range with the launch of a five-year fixed-rate option.

The new product is available for commercial investment and owner-occupied properties, with loans from £250,000 to £3m up to 70% LTV.

The five-year product has been introduced alongside Recognise Bank’s existing two-year fixed-rate option.

The launch follows a record July for Recognise Bank, which completed its highest monthly value of lending since the bank was founded.

Caroline Luxmore, CCO at Recognise Bank (pictured above), said: “Having returned to the commercial mortgage market only three months ago, we’ve listened to brokers and their SME clients. By introducing a five-year fixed-rate option we are offering a range of products that can support cash flow management and create certainty.

“Term and bridging commercial lending is important for our continued growth and we will work closely with brokers to deliver practical solutions for their clients.”