RAW Capital Partners has updated its lending criteria for new-build properties.

Under the updated criteria, RAW Capital Partners will no longer apply a new build premium deduction when valuing new-build properties.

Lending will now be based on current market value, subject to a maximum loan-to-value (LTV) of 65%.

The Guernsey-based specialist lender says the change is designed to provide greater certainty for clients, while also helping to reduce down-valuations and, in some cases, support higher loan amounts.

The new criteria will apply to all new applications and has come into immediate effect.

RAW Capital Partners chief executive Tim Parkes says: “This change is designed to give brokers and borrowers greater certainty when financing new build properties.”

“By lending against current market value, rather than deducting a new build premium, we can provide a clearer and more consistent outcome on loan amount. We hope this will better help clients achieve their property investment goals.”