RAW Capital Partners has launched a landlord loan as part of its £100m-plus fund to lend to foreign nationals and UK expats who want to invest in buy-to-let properties across the country.
The asset manager introduces a one-year 6.99% fix at up to 65% loan to value, with loans ranging from £50,000 to £4m on a single property, and up to £8.5m to a single borrower.
After the year is up, the loan reverts to the firm’s standard variable rates for the rest of the term, which for a non-UK resident is 4.25% over Bank base rate, and 2.99% over Bank base rate for a UK expat.
The fund works with intermediaries – primarily brokers, advisors and wealth managers – and has lent to borrowers based in over 50 countries such as Hong Kong, Singapore, Dubai, Abu Dhabi, Nigeria and South Africa.
The Guernsey-based business plans to grow its RAW Mortgage Fund from £175m to £1bn over “the coming years” with investment from individuals and institutions.
RAW Capital Partners interim managing director Ben Nichols says: “Our specialism in working with brokers that have international clients – a group that often struggles to find support from other BTL lenders – certainly sets us apart.
“Combined with that expertise, the availability of £100m in capital and a willingness to lend, we’re confident that the RAW Mortgage Fund will continue to gain traction in the months to come.”
