Specialist lender strengthens regional support
A specialist bank is strengthening its support for brokers across the South West and South Wales as part of a wider strategy to deliver more flexible, tailored funding solutions for complex property finance.
Josh Parker, who joined Redwood Bank in January, has been appointed as regional development manager for the South West and South Wales. He will act as the primary point of contact for brokers in these regions. He brings more than a decade of experience in specialist property finance, having progressed to senior business development positions across leading financial service providers, including Hodge Bank and Fleet Mortgages.
He holds a Diploma for Financial Advisers and a Diploma in Mortgage Advice and Practice. He is also a Certified Practitioner in Specialist Property Finance (CPSP).
Josh said: “I’m thrilled to join the team and I’m looking forward to the challenge of helping brokers meet the more complex investment needs of property landlords and commercial property borrowers, where service and flexibility matter more than rate. Redwood is a specialist bank and can handle the complex deals that I’m excited to support on.”
Josh’s position is designed to provide brokers and clients with dedicated support for complex commercial lending and residential investment needs.
Mark Dobson, head of business development, South and London, said: “Josh’s expertise makes him a fantastic addition to our team. His role will be key in expanding our support for brokers and clients in regions where we see growing demand for specialist property finance and where debt service coverage is under pressure.
“It’s an exciting time for us, with recent lending updates allowing us to offer more tailored solutions to portfolio landlords and commercial property borrowers alike.”
The appointment coincides with updates to the bank’s lending terms across the residential, semi-commercial and commercial product ranges. For the commercial range, Redwood has extended its maximum mortgage term from 25 to 30 years and reduced minimum debt service coverage ratios across both commercial investment and owner-occupier lending.
In addition, commercial mortgage interest rates have been lowered, giving brokers and clients more flexibility and access to competitive financing.