The client required the facility to refinance an expiring loan, secured on a mix of residential and commercial properties in in various locations across the country.

The deal was introduced to Recognise Bank by Asher Goldman, commercial finance adviser at Goldman Property Finance.

After studying the case and liaising with the adviser and client, the legal title on the two mixed-use properties was split to enable the borrower to utilise Recognise’s professional BTL loan. 

In the end, the bank was able to provide a professional BTL loan of £1.8m at 65% LTV, with the rest of the deal funded by a £2.4m commercial mortgage.

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James Meigh, director of business development at Recognise Bank, said: “This was not a tick-box case, but by working with Asher, we were able to structure the deal by designing a blended rate approach. 

“Our professional BTL product was ideal in this instance, and it dovetailed nicely with our commercial mortgage.

“This is the type of case we’re able to work on at Recognise Bank and highlights the fact that we work closely with advisers and their clients in order to create a bespoke solution that works for all parties.”

Alfred Magnus, director of Hurstglen Properties, added: “I found all the directors and staff at Recognise Bank very helpful and business-like, and their approach certainly made things easier. 

“They did their best to solve any problems that came along, and I wouldn’t hesitate to deal with them again.”