RAW Capital Partners will now allow foreign nationals to service their mortgage interest directly from a UK bank account.

The Guernsey-based specialist lender’s latest enhancement is designed to reduce the cost and administrative burden of servicing mortgage debt from overseas.

It suggests this helps borrowers avoid the friction associated with cross-border transfers and currency conversion.

The move will also mean that landlords with properties in the UK, but who are themselves based overseas, can use their rental income to meet interest payments in the same way as other property-related expenses.

RAW Capital Partners chief executive Tim Parkes says: “Landlords based overseas often face additional layers of complexity when investing in the UK buy-to-let market, particularly around day-to-day cash management.”

“This change to our offering is about removing friction and making the experience more consistent with how UK property portfolios are typically run.”