RAW Capital Partners has cut interest rates on its higher loan-to-value (LTV) products and incorporated jurisdictional risk into its standard product pricing.
The Guernsey-based investment management firm, through the RAW Mortgage Fund, recently increased its maximum LTV available to 70% from the previous 55%.
The rates on its 65% and 70% LTV mortgages have been reduced by 0.25% and 0.50% respectively. Interest rates for foreign nationals will now start from 6.24%.
In addition, RAW has removed risk premiums for cases from high-risk countries.
Jurisdictional risk factors are now fully reflected in the core product pricing, eliminating additional costs for applicants.
The lender highlights that other high-risk factors will be considered on a case-by-case basis.
A flat £950 repayment fee has also been reintroduced, which brokers and borrowers can access alongside the lender’s core offerings.
RAW Capital Partners chief executive officer Tim Parkes says: “We’re always looking for ways to adapt and streamline our offering to better serve brokers and their expat or international clients.”
“Since we raised our maximum LTV limit, we’ve experienced significant demand, but we were also keen to further improve and simplify our pricing structure.”
“Today’s rate reductions and revised risk considerations will remove friction from the process, giving brokers and their clients a clearer picture of affordability from the outset. I’m confident our new-and-improved offering will land really well.”
Meanwhile, Landbay has launched a summer special buy-to-let (BTL) range of standard products, with rate reductions by as much as 0.44% compared to existing product lines.
The summer special range has five new products, including three new five-year fixed rate products. These are available at up to 75% loan-to-value (LTV), and with rates starting at 4.35%.
The five-year standard fixes have a 5% fee at 4.35%, a 3% fee at 4.75% and a 2% fee at 4.95%.
The remaining two new products are two-year fixed rates, also available at up to 75% LTV and with rates starting at 4.39%.
The two-year fixes have a 3% at 4.39% and a 2% fee at 4.89%.
The new two-year products are 0.30% lower than its existing range, while five-year rates are 0.44% lower.
All products are suitable for standard properties and for loans ranging from £30,000, up to £2 million.
Landbay sales and distribution director Rob Stanton says: “With the launch of our new Summer Special range, things are certainly heating up here at Landbay. These five new products are highly accessible, competitively priced and a strong addition to our product offering.”
