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 SITUATION
Neil had taken out development funding with a high street bank to purchase the former RBS building, valued at £1.6m, and needed to consolidate it into a competitive term loan with a lender providing a supportive and hands-on service.
He came to Redwood on the advice of his broker, Danny Carter of UK Financial Consultancy Services Limited, who he had known for many years and who recommended Redwood for their personal approach.
THE SOLUTION
Working with Danny, who she had dealt with for several years in other banking roles, Redwood Bank’s Business Development Manager Sue Young built a package around a £1,050,000 loan.
The deal was able to be completed with a quick turnaround, allowing Neil to refinance promptly and focus his efforts on the continued work on the development and attract prospective tenants and businesses.
Sue said: “We were thrilled to be able to support a veteran property investor in bringing housing to Warrington town centre. Having worked closely with Danny for many years, Neil was able to place his trust in Redwood Bank and allow us to move swiftly to come up with a solution that worked for all parties.”
THE EXPERIENCE
Being able to resolve a complicated financial issue quickly and effectively has shown the benefits of working with a flexible and adaptable Challenger Bank free of the rigid constraints often faced by traditional high street lenders.
Neil said: “I’ve been impressed by the can-do attitude shown by Sue and the Redwood team. They find solutions, ways to make things happen and the proactive approach has ensured a swift deal which, in the current property market, is vital.”