Residential bridging loans are available up to 80% LTV. Commercial bridging remains up to 70%.
The bank has also introduced the use of short-form and automated valuation models (AVMs) on selected residential bridging cases.
The bank’s bridging proposition supports buy-to-let (BTL) portfolios, houses in multiple occupation (HMOs), mixed-use and semi-commercial assets, commercial investment properties and owner-occupied businesses.
The bridging solutions across residential and commercial assets span light refurbishment, development exits, auction purchases and time-sensitive transactions.
Luke Watson (pictured), director of intermediary sales and lending at Recognise Bank, said: “We can now support up to 80% LTV on the right residential bridging opportunities, providing greater leverage and helping clients access more of the capital they need to achieve their objectives.
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“Our enhanced LTV offering is designed for well-presented residential properties with strong appeal to owner-occupiers and investors and that can be readily marketed and sold if required.”
