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Redwood Bank has reaffirmed its commitment to brokers and borrowers as volatility linked to escalating tensions in Iran triggers widespread disruption across UK mortgage markets.
Rising swap rates, inflationary pressure and energy price uncertainty have led to a sharp contraction in product availability, with hundreds of mortgage deals withdrawn in recent days. Many lenders have paused or reversed anticipated rate reductions as funding costs climb, creating one of the most unsettled periods since the aftermath of the 2022 mini-Budget.
Against this backdrop and with rates rising, Redwood Bank has maintained a consistent approach, choosing stability over short-term reaction.
Stuart Davidson, Chief Commercial Officer at Redwood Bank, said: “The escalation of the Iran conflict has created significant turbulence across global financial markets, with swap rates rising sharply and lenders withdrawing large numbers of mortgage products in response to inflationary pressures and energy-price volatility.
“In just the past few days, nearly 500 UK mortgage products have been pulled from the market, and many lenders have paused or reversed expected rate cuts as the cost of funding increases. This level of market instability is among the most significant shocks since the aftermath of the 2022 mini-Budget.
“Despite that backdrop, Redwood Bank has held firm. For us, it’s business as usual. Our commitment to supporting landlords and commercial mortgage customers has never wavered, and we have pressed ahead with enhancements to our commercial and residential Investment products.
“At a time when many lenders are pulling back, we are pushing forward, providing borrowers and brokers with greater certainty, strengthened product options and the stability needed to navigate an unpredictable environment.”
While some lenders have responded to market conditions with rapid repricing or product withdrawals, Redwood’s approach reflects a longer-term view of supporting professional landlords and commercial borrowers through changing cycles.
By maintaining product availability and continuing to enhance its offering, Redwood is providing brokers with a dependable route to place cases, even as wider market conditions remain unsettled.
This consistency is particularly important at a time when brokers are managing increased uncertainty for clients, with deal viability shifting quickly and product availability becoming less predictable.
Redwood Bank’s position reinforces its commitment to clarity, certainty and relationship-led lending, ensuring brokers and borrowers have the confidence to progress transactions despite ongoing market volatility.