RAW Capital Partners has introduced a new range of bridging finance products aimed at UK landlords and investors. This move expands their offerings beyond bespoke mortgages for foreign nationals and UK expats, marking a significant step into the UK resident market.
What is the new bridging finance range?
The Guernsey-based lender’s bridging finance products are designed to provide quick access to capital for property investments. Loan amounts vary from £100,000 to £4 million, with flexible terms ranging from three to 18 months. The maximum loan-to-value (LTV) ratio is set at 60%, and pricing is tiered based on LTV, allowing for tailored solutions depending on the specific needs of borrowers.
Why is this significant for the UK property market?
This launch is particularly important for landlords and property investors who require fast financing options. With the current economic climate placing pressure on traditional lending, bridging finance can serve as a vital tool for securing properties quickly, especially in competitive markets. The focus on speed and certainty of execution is designed to meet the urgent needs of brokers and their clients.
What does this mean for brokers and investors?
Brokers will benefit from a new financing option that prioritizes efficiency, which is essential in a fast-paced property market. The backing of the RAW Mortgage Fund, which manages over £220 million in assets, provides confidence in the lender’s ability to deliver on its promises. Investors looking for quick financing solutions can use these products to capitalize on time-sensitive opportunities in property acquisition.
Frequently asked questions
What types of properties can I use bridging finance for?
Bridging finance can be used for a variety of property types, including residential, commercial, and buy-to-let properties, making it a versatile option for investors.
How quickly can I access funds with bridging finance?
Bridging finance is designed for speed, with many lenders, including RAW Capital Partners, aiming to provide funds within days, depending on the specifics of the application.