Redwood assists complex 91-property acquisition

Redwood Bank has announced it has successfully completed a loan to assist the complex acquisition of 91 properties.

The challenger bank was approached when property development company, Resolv Property, was given the opportunity to acquire a portfolio of properties through Ross Harper of National Property Auctions.

The 91 properties included a series of flats and mid-terraced houses located across 16 towns in Scotland, and a semi-commercial property which was added at a later date.

Redwood suggested that “time was of the essence” as a result of the vendor retiring and wanting a quick sale. In order to complete the deal, Resolv Property needed a loan approved quickly and a lender that would take into account the below market purchase price and lend against the market value.

Resolv Property director, Adam Lawrence, commented: “Redwood really listened to what we needed in this situation. There was also an element of flexibility regarding the timing of the obtaining of some missing documents, which are typical in any portfolio purchase.”

Redwood associate business development manager, Nicola Blake, led on the deal, and added: “It was quickly determined that Resolv Property would require a multi-million-pound loan in order to complete the property purchase.

“An application was submitted, and in keeping with the tight timescales credit approval was promptly granted for the properties. There’s no doubt about it, this was a complex deal, but we provided the broker and customer with regular communications and updates.

“We held daily updates with the customer and through excellent teamwork across all areas; customers, underwriting, credit operations and both legal teams, we completed on time.”

    Share Story:

Recent Stories


FREE E-NEWS SIGN UP

Subscribe to our newsletter to receive breaking news and other industry announcements by email.

  Please tick here to confirm you are happy to receive third party promotions from carefully selected partners.


NEW BUILD IN FOCUS - NEW EPISODE OF THE MORTGAGE INSIDER PODCAST, OUT NOW
Figures from the National House-Building Council saw Q1 2025 register a 36% increase in new homes built across the UK compared with the same period last year, representing a striking development for the first-time buyer market. But with the higher cost of building, ongoing planning challenges and new and changing regulations, how sustainable is this growth? And what does it mean for brokers?

The role of the bridging market and technology usage in the industry
Content editor, Dan McGrath, sat down with chief operating officer at Black & White Bridging, Damien Druce, and head of development finance at Empire Global Finance, Pete Williams, to explore the role of the bridging sector, the role of AI across the industry and how the property market has fared in the Labour Government’s first year in office.

Does the North-South divide still exist in the UK housing market?
What do the most expensive parts of the country reveal about shifting demand? And why is the Manchester housing market now outperforming many southern counterparts?



In this episode of the Barclays Mortgage Insider Podcast, host Phil Spencer is joined by Lucian Cook, Head of Research at Savills, and Ross Jones, founder of Home Financial and Evolve Commercial Finance, to explore how regional trends are redefining the UK housing, mortgage and buy-to-let markets.

The new episode of The Mortgage Insider podcast, out now
Regional housing markets now matter more than ever. While London and the Southeast still tend to dominate the headlines from a house price and affordability perspective, much of the growth in rental yields and buyer demand is coming from other parts of the UK.

In this episode of the Barclays Mortgage Insider Podcast, host Phil Spencer is joined by Lucian Cook, Head of Research at Savills, and Ross Jones, founder of Home Financial and Evolve Commercial Finance.