The proposition gives borrowers 100% of the valuation fee back on the completion of a residential investment mortgage.
It is available for buy-to-let (BTL), houses of multiple occupation (HMO) and multi-unit freehold block (MUFB) properties, as well as semi-commercial properties where between 50% and 80% of the rental income is from BTL or small HMOs and MUFBs.
To qualify for the cashback, the valuation fee must be paid within 31 calendar days of the decision in principle (DIP) being issued. The offer applies to valuation fees paid on or after 1 July.
The incentive can also be used with Redwood Bank’s green reward cashback, which offers up to 0.5% cashback on eligible properties with energy performance certificate (EPC) ratings between A to C.
The residential variable rates start from 2.89% plus base rate, while fixed rates start from 4.84%.
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The product is available to individual borrowers and corporate entities, with loan sizes from £250,000 to £10m.
Stuart Davidson, chief commercial officer at Redwood, said: “Landlords have faced a tough 2026, with economic pressures, uncertainty and rising operational costs. At the same time, many are adapting to further change in the market, including the implementation of the Renters’ Rights Act.
“We held firm on our interest rates earlier this year during a period of geopolitical uncertainty, and this cashback offer builds on that support by easing another area of cost pressure.”
He added: “As a specialist business lender, we understand that brokers and customers need flexibility across a wide range of property types. That’s why this offer includes standard buy-to-let cases and also HMO and MUFB transactions.”