Redwood Bank
Letchworth-based challenger bank focused on commercial mortgages, owner-occupier and BTL loans for SMEs and professional landlords. PRA-regulated with FSCS deposit cover on linked savings. Pricing transparent and competitive on £250k to £2.5m commercial mortgages where high-street banks have stepped back.
Quick verdict
- Product: SME commercial mortgage and term loan.
- Ticket band: £250k to £10m (£6.5m maximum per single asset).
- Pricing: Commercial fixed rates from 6.34%; variable from base rate plus 3.89% (its own figures).
At a glance
Redwood Bank, at a glance
- Legal entity
- Redwood Bank Limited
- Companies House
- 09872265
- Founded
- 2015
- Product
- SME commercial mortgage and term loan
- Ticket range
- £250k to £10m (£6.5m maximum per single asset)
- Decision time
- Not published
- Ltd-only
- Yes
Where Redwood Bank is strong
- PRA-regulated UK bank with FSCS deposit protection.
- Strong on owner-occupier commercial mortgages and professional BTL portfolios.
- Transparent pricing and underwriting criteria.
- Direct underwriter contact on live cases.
Watch-outs, and when another lender may suit better
- Slower than bridging lenders for time-critical purchases.
- Hard credit search at full application.
- Below £250k they won't engage.
Best fit applicants
- Commercial mortgages £250k to £2.5m
- Professional BTL landlords
- Owner-occupier SME purchases
Where Redwood Bank is the wrong fit
- Sub-£250k tickets
- Speed-critical bridging
- Pure unsecured term loans
If declined by Redwood Bank
If your application to Redwood Bank is declined, ask the lender for the reason in writing. Some alternatives are named in the watch-outs section above. See also our guide to why lenders decline, by reason.
Other lenders we list
- 365 Business Finance, Merchant cash advance (revenue-based finance)
- Aldermore, Asset finance, invoice finance, commercial mortgages
- Allica Bank, SME term loan, asset finance + commercial mortgage
- Bizcap, Specialist post-decline / fast cash
How we rate Redwood Bank
This review is FundBiz's own editorial assessment, scored against a published framework. See our methodology for how we rate each lender.
FAQ
What can I borrow through Redwood Bank?
Redwood Bank offers sme commercial mortgage and term loan. Ticket range: £250k to £10m (£6.5m maximum per single asset). Typical rate: Commercial fixed rates from 6.34%; variable from base rate plus 3.89% (its own figures).
How long does Redwood Bank take to decide?
Not published
Who is Redwood Bank the best fit for?
First on the list: Commercial mortgages £250k to £2.5m. The full list is under Best fit applicants above.
When might another lender suit better than Redwood Bank?
First on the list: Sub-£250k tickets. The other cases are under Where Redwood Bank is the wrong fit above.
Send an enquiry
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Send an enquiry →Official site: Redwood Bank
Last updated: . By Adam Parker. FundBiz is owned and operated by Best Business Loans Ltd, directed by Oliver Mackman.