OUR SAVINGS PRODUCTS
Put your business cash to work with our simple, rewarding and easy to use business savings accounts.
Our opening hours will change during the festive season.
Our opening hours will change during the festive season. We will close from 2.00pm on the 24th December and reopen at 9.00am on the 27th December. Our usual opening hours will then apply. We will be closed on the 1st January and reopen at 9.00am on the 2nd January.
The pub was forced to close for six months during the enforced COVID-19 lockdown. Unable to trade, the customer needed help with meeting their monthly mortgage repayments.
Redwood Bank had originally assisted the then tenants to acquire the Freehold of the property in 2018, by providing them with a 20-year loan. By working closely with the owners, Redwood agreed a period where mortgage repayments were halted during the lockdown. This meant the pub was able to start trading again once the lockdown lifted.
By ensuring regular two-way communication with the customer, the experienced and helpful team at Redwood Bank was able to agree and process the repayment holiday quickly and efficiently. This provided much-needed peace of mind in a challenging time for anyone working in the hospitality sector.
Redwood Bank’s Customer Monitoring Manager Sue Norman and Portfolio Manager Dan Carter, both worked closely with the customer to present a variety of options. These were discussed with the customer which proved extremely useful, allowing them to agree terms that worked for their needs at this very difficult time.
Redwood Bank Portfolio Manager Dan Carter said: “This deal shows that by getting the right support, in the right way, at the right time, the business was able to survive a particularly turbulent time for the sector and has meant they are now able to open and trade.”