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Complex Buy To Let

Raw Capital Partners reduces BTL rates

Samantha Partington
Written By:
Posted:
June 25, 2024
Updated:
June 25, 2024

Raw Capital Partners has reduced the cost of its fixed rate buy-to-let deal for non-UK residents and UK expats.

The Guernsey-based investment management firm’s introductory buy-to-let fixed rate has been reduced from 6.99% to 6.49% for a limited period.

The buy-to-let deal is available up to 65% loan to value (LTV). Loan sizes of between £50,000 and £4m are available for a single property, or up to £8.5m to a single borrower.

The 6.49% introductory fixed rate is available to UK expats and non-UK residents on the condition that they complete before 31 October 2024.

The buy-to-let property must be located in a major UK town or city.

Ben Nichols, interim managing director of Raw Capital Partners, said: “As the company continues to grow, we’re seeing increased demand from brokers working with international clients – a group that often struggles to find support from other lenders.

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“Appetite for UK residential property remains strong among international investors, so our focus is on ensuring they are well served from a finance perspective.“

Last month, Raw Capital Partners announced the allocation of more than £100m towards lending to foreign nationals and UK expats.

The company plans to grow the Raw Mortgage Fund from £185m to £1bn in the coming years.