Recognise Bank has completed a £556k residential bridging loan to support the renovation of an investment property in central London, while also releasing capital to support the borrowers’ trading business.
The facility was agreed for a couple who own a period mews property in South Kensington. The property was undergoing renovation works to upgrade and modernise the home, with a long-term plan to place the property into the rental market once the works are complete.
The loan was introduced by Justin Trowse and Seona Patton of Mortimer Street Capital and completed on a 12-month term with retained interest.
The facility was agreed at 27% LTV and enabled the borrowers to release equity from an unencumbered property that had been purchased within the previous 12 months.
Alongside the property investment, the borrowers run a trading cosmetics business operating in the UK and overseas.
Funds were required at pace to support an imminent marketing campaign and to ensure renovation works could continue over the festive period without interruption.
The transaction was completed by Heather Mitchell, lending manager at Recognise Bank, and managed by Matt Dalton, lending operations manager, working closely with the wider lending team. It was the first completed transaction introduced to the bank by Mortimer Street Capital.
Close coordination between the broker, valuer, solicitors, the clients and the bank enabled the funding to complete within a tight timeframe, allowing the borrowers to progress both their property and business plans simultaneously.
The deal reflects Recognise Bank’s strong start to 2026 following a successful 2025, during which the bank expanded its broker panel by 300% and increased the size of its lending team by 66%, supporting a higher volume of cases and faster delivery across a wider geographic spread.
Heather Mitchell said: “This case shows the importance of listening closely to the broker and understanding the client’s position from the outset.
“The borrowers had clear plans for the property and their wider business, and the funding needed to work around both residential and commercial elements.
“It was a relatively simple deal in structure, but the key factor was how quickly it needed to complete.
“Releasing capital for business purposes alongside a residential property is not something every lender will consider, so speed and clarity were vital.
“By taking a practical view of the property and the purpose of the loan, and by working closely with the broker and other parties, we were able to turn the deal around quickly and put a facility in place that kept everything moving.”
Trowse added: “This was our first completed deal with Recognise Bank and the process was straightforward throughout.
“The team understood the urgency of the funding and stayed close to the detail from start to finish.
“This enabled the clients to proceed with both the renovation and their wider business plans without delay.”
