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The Hertfordshire-based Challenger Bank wanted to recognise and reward the successes of brokers it has worked closely with in the last 12 months.
Gary Wilkinson, CEO and Co-Founder of Redwood Bank, said:
Building long-term, successful relationships with brokers is an integral part of our business. Intermediaries play a crucial role at Redwood Bank because they guide their customers to our products, safe in the knowledge that we provide simple, common sense and fast-lending decisions.
“We’re proud of the strength and longevity that we’ve forged with all the brokers that we have established relationships and work closely with. This is why we have developed and launched the Redwood Bank Broker Awards, as we wanted to find a way to thank them publicly for their dedication, commitment and loyalty to us.”
Redwood Bank team celebrating at awards ceremony
There were two prizes for Watts Commercial Finance Ltd, which has its head office in Cheshire. The firm scooped the highly prestigious Broker of the Year award, as well as the Quickest Deal to Draw trophy. The firm was recognised for its consistent first-class and large value deals, making it Redwood’s most prolific broker in 2019.
Real Property Finance also walked away with a double win, after picking up the Highest Volume award and also the Longest Running Deal prize. The firm, which specialises in providing financial solutions, was recognised for providing Redwood with a large stream of deals, continually introducing new customers and maintaining strong relationships with existing clients.
The Most Innovative Broker title went to Brokerage and Consulting company Sterling Professional Finance Ltd, which specialises in assisting different types of businesses from Limited Companies, Partnerships, LLP’s and Sole Traders. The company, which has been operating in the financial sector for more than 15 years, received its nod for excellent collaboration and teamwork.
The Largest Single Deal prize was handed to NMS Commercial Services Ltd for its role in the completion of a large complex arrangement. The North Shields Tyne and Wear firm, which provides sound and comprehensive planning services for all its clients, facilitated the deal seamlessly and faster than expected.
The final prize of the evening, the Credit Award, went to New Source Commercial Ltd for packaging deals in a way that easily facilitates Redwood’s credit underwriting process, making it streamlined and ultra-efficient. The company is well known for its close relationships with a wide range of commercial finance and property funding providers.
Founded in 2017, Redwood Bank was launched to offer secured SME lending products to owner-occupied businesses, as well as to experienced commercial and residential property investors.
One of the UK’s newest and most dynamic Challenger Banks, Redwood is committed to helping intermediary broker partners and their customers with simple, common sense and fast lending decisions for business owners and landlords.
For further information, visit www.redwoodbank.co.uk.
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Notes to editors
For further details contact Laura Pearce at Strand PR on laura@strand-pr.co.uk or 01763 274674 / 07903 106405.
Redwood Bank was launched in August 2017, becoming Britain’s newest business bank for SMEs and completing its ‘mobilisation’ phase just over four months after securing its initial banking licence in April 2017. Redwood Bank offers secured SME mortgages for business owners, as well as for experienced commercial and residential property investors. It delivers fast and efficient mortgage decisions to help their business customers seize property opportunitiesand also offers competitive business savings accounts. Redwood Bank was founded by Jonathan Rowland and Gary Wilkinson. It has a unique private-public ownership structure in which Warrington Borough Council has a one-third stake.