RAW Capital Partners has launched a new range of bridging finance products, aimed at enhancing its offerings for UK residents. This expansion follows the lender’s recent entry into the UK resident market, allowing it to cater to a broader audience, including landlords and property investors.
What is Bridging Finance?
Bridging finance is a short-term loan designed to bridge the gap between the purchase of a new property and the sale of an existing one. It is typically used in situations where quick access to funds is necessary, such as property auctions or urgent renovations. The new range from RAW Capital Partners caters to various investment needs.
How Does RAW Capital Partners’ New Range Work?
The bridging finance products feature flexible terms, with a maximum loan-to-value (LTV) ratio available. Pricing is tiered based on LTV, allowing borrowers to understand their costs upfront. This structured approach is particularly appealing to brokers who require clarity and speed in their transactions.
What This Means for Landlords and Investors
The introduction of these bridging loans is significant for landlords and property investors looking for rapid funding solutions. With an emphasis on speed and certainty, RAW Capital Partners aims to streamline the borrowing process, making it easier for investors to seize opportunities in the property market. The backing of the RAW Mortgage Fund enhances the lender’s capability to provide reliable financing options.
Frequently Asked Questions
What types of properties can be financed with bridging loans?
Bridging loans can be used for various property types, including residential, commercial, and buy-to-let properties, making them versatile for different investment strategies.
How quickly can I access funds through bridging finance?
Bridging finance is designed for quick access to funds, often within a matter of days, depending on the lender’s processes and the completeness of the application.