RAW Capital Partners has expanded its lending portfolio by introducing bridging loans, which are unregulated, first-charge loans secured against UK residential properties. This move is significant for landlords and investors seeking quick financing options.
What are the key features of RAW’s bridging loans?
The bridging loans from RAW Capital Partners are designed to provide rapid funding solutions. They are available in various amounts, with a maximum loan-to-value (LTV) ratio. The interest rates are tiered based on the LTV, making it important for borrowers to understand their financial positioning. Loans are funded through the RAW Mortgage Fund, ensuring robust backing for these financial products.
Who can benefit from these bridging loans?
This offering primarily targets landlords, property investors, and brokers. Since RAW Capital Partners has expanded its lending criteria to include UK residents, more individuals can now access these loans. The focus on speed and certainty in the lending process is particularly appealing for those needing to secure properties quickly or manage cash flow during transactions.
What this means for landlords and investors
For landlords and investors, the introduction of bridging loans by RAW Capital Partners provides an alternative financing option that can facilitate quicker property acquisitions or renovations. With the ability to secure funding against residential properties, investors can act swiftly in a competitive market. Brokers should also note the increased options available for their clients, enhancing their service offerings.
Frequently asked questions
What is a bridging loan?
A bridging loan is a short-term financing option used to bridge the gap between the purchase of a new property and the sale of an existing one, typically secured against property.
How can I apply for a bridging loan with RAW Capital Partners?
Interested borrowers can apply for a bridging loan through brokers or directly with RAW Capital Partners, providing necessary documentation to assess eligibility and loan terms.