Recognise Bank has joined the Bridging & Development Lenders Association (BDLA) as a lender member.
The specialist bank provides property lending alongside business and personal savings products. Its bridging range covers residential and commercial property, including buy-to-let portfolios, houses in multiple occupation, mixed-use and semi-commercial assets, commercial investments and owner-occupied business premises.
The BDLA represents bridging and development lenders and their customers. Its membership includes lenders, funders, legal firms, valuers, technology providers and other professional services businesses.
Adam Tyler, chief executive of the BDLA, says: “It’s a pleasure to welcome Recognise Bank as a lender member. Its growing bridging proposition shows how important short-term property finance has become to established banks as well as specialist lenders.
“Recognise brings banking experience, a clear focus on brokers and a strong interest in property lending. That will add depth to our membership and support our work to give the sector a strong and responsible voice.”
Luke Watson, director of intermediary sales and lending at Recognise Bank, says: “Bridging is an important and growing part of Recognise Bank.
“Joining the BDLA shows our commitment to the market and to supporting brokers and property professionals with clear decisions and certainty of delivery.
“The Association gives us the chance to work with lenders that share our focus on responsible lending, exchange views on the issues affecting the sector and help maintain the high standards on which its continued growth depends.”
