“By structuring the deal clearly and keeping momentum, we ensured that issues such as related-party leases and SPV creation did not derail progress. Completing all three loans together gave the customer confidence to move forward with their wider business plans”
– Jane Hand – Redwood Bank
Redwood Bank, working alongside broker Bespoq Finance, has completed a multi-property refinancing package for a landlord with a mixed residential and commercial portfolio, navigating multiple ownership structures, lease arrangements and a four-month deadline to get the deal over the line.
The transaction covered three properties and involved SPV transfers, a lease extension and related-party tenancy considerations, all managed simultaneously. The total package comprised:
- Property 1: three commercial units, with a £627,555 loan at 67.84% LTV on a 25-year term with a five-year fixed rate.
- Property 2: a semi-commercial property, with a £237,150 loan at 71.86% LTV on a 30-year interest-only term.
- Property 3: two commercial units, with a £78,765 loan at 63% LTV structured as a 25-year commercial investment mortgage.
The refinancing allowed the borrower to repay an existing bridging facility and release equity for further business use. Redwood’s legal and advisory teams worked closely with the client’s accountants throughout, ensuring compliance with capital gains and stamp duty land tax requirements while keeping the transaction moving.
“This case reflects the sustained effort required to manage multiple moving parts simultaneously,” said Jane Hand, regional development manager at Redwood (pictured).
“Completing three loans together within four months demonstrates our commitment to delivering at pace, even in complex circumstances. Nothing was rushed, but everything moved forward with purpose.”
“By structuring the deal clearly and keeping momentum, we ensured that issues such as related-party leases and SPV creation did not derail progress. Completing all three loans together gave the customer confidence to move forward with their wider business plans.”
Lucy Hope, director of Bespoq Finance, highlighted how the collaborative approach helped shield the client from the underlying complexity. “This case shows what can be achieved when lender and broker work together at pace,” she said.
“The background was complicated, but Redwood brought their specialist team, streamlined the process and delivered in time to avoid expensive penalties. By managing the complexity behind the scenes, the bank made the experience feel straightforward for the customer at a time when they were taking on new responsibilities in the family business.”
“What could have felt overwhelming was instead delivered in an efficient and organised way.”
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