RAW Capital Partners has introduced a new range of bridging finance products aimed at enhancing its offerings for UK investors. This move follows the lender’s recent expansion into the UK resident market, enabling them to cater to a broader audience, including landlords and property investors.
What is the new bridging finance range?
The Guernsey-based lender has launched bridging finance options with loan sizes ranging from £100,000 to £4 million. These loans are available for terms between three to 18 months and come with a maximum loan-to-value (LTV) ratio of 60%. The pricing is tiered based on LTV, allowing for flexibility depending on the borrower’s needs.
How does this impact UK landlords and property investors?
This new offering is particularly relevant for UK landlords and property investors looking for quick financing solutions. The bridging finance products are designed to provide speed and certainty, which are essential for investors needing to act swiftly in a competitive property market. With funding sourced from the RAW Mortgage Fund, which manages over £220 million in assets, borrowers can expect a reliable and efficient service.
Why is speed and certainty important in bridging finance?
In the fast-paced property market, the ability to secure funding quickly can make a significant difference for investors. Bridging finance often serves as a temporary solution, allowing landlords to seize opportunities such as property purchases, renovations, or auctions without the delays typical of traditional mortgage processes. RAW Capital Partners emphasizes these qualities as key benefits of their new range.
Frequently asked questions
What types of properties can be financed with bridging loans?
Bridging loans can be used for various property types, including residential buy-to-let, commercial properties, and development projects, depending on the lender’s criteria.
How quickly can I access bridging finance?
RAW Capital Partners aims to provide quick execution, allowing borrowers to access funds within days, making it suitable for urgent property transactions.