Editor's note: This brief was summarised by The Property AI Newsroom from a report by Mortgage Strategy. Read the original article for full details.
Recognise Bank Joins Bridging & Development Lenders Association
Recognise Bank has joined the Bridging & Development Lenders Association (BDLA) as a lender member. The bank’s bridging range supports residential and commercial property, including buy-to-let portfolios, HMOs, mixed-use and semi-commercial assets, commercial investments, and owner-occupied business premises.
The BDLA is the UK’s only trade association dedicated to representing the interests of bridging and development lenders and their customers. Its membership includes lenders and associate firms from across the sector, such as funders, legal firms, valuers, technology providers, and other professional services businesses.
For UK letting agents and inventory clerks, Recognise Bank’s involvement in the BDLA highlights the growing importance of short-term property finance options across a variety of property types. The addition of Recognise Bank is noted by the BDLA as bringing banking experience and a focus on property lending to the association.
Source: Mortgage Strategy