Raw Capital Partners allocates £100m to expat lending

The Guernsey-based lender will allocate this for borrowers purchasing buy-to-let (BTL) property in the UK.

Raw Capital Partners has also launched a lower-rate BTL product through its Raw Mortgage Fund, which provides specialist BTL deals.

It has a fixed rate of 6.99% and 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.

Its underwriting commences from day one, and a decision in principle (DIP) is typically delivered within 24 hours.

The firm said it wanted the Raw Mortgage Fund to grow from £175m to £1bn in the coming years.

So far, Raw Capital Partners has lent more than £250m to clients all over the world.

It works primarily through intermediaries including brokers, advisers and wealth managers, and has lent to borrowers based in over 50 countries, including a strong track record in the likes of Hong Kong, Singapore, Dubai, Abu Dhabi, Nigeria and South Africa.

The Raw Mortgage Fund has been backed by private investment from individuals and institutions.

Ben Nichols, interim managing director of Raw Capital Partners, said: “The Raw Mortgage Fund continues to grow. This puts us in a strong position to better serve borrowers based outside of the UK as we look to deploy buy-to-let mortgages at pace and to a wider range of clients.

“Our specialism in working with brokers that have international clients – a group that often struggles to find support from other buy-to-let lenders – certainly sets us apart. Combined with that expertise, the availability of £100m in capital and a willingness to lend, we’re confident that the Raw Mortgage Fund will continue to gain traction in the months to come.”