RAW Capital Partners has cut interest rates on its higher loan-to-value (LTV) products and incorporated jurisdictional risk into its standard product pricing.
The Guernsey-based investment management firm, through the RAW Mortgage Fund, specialises in providing tailored financial solutions to foreign nationals, UK expats, and Channel Islanders. On 1 July, the lender increased its maximum LTV available to 70%, having spent a decade offering 55%.
Today, the rates on its 65% and 70% LTV mortgages have been reduced by 0.25% and 0.50% respectively. Interest rates for foreign nationals start from 6.24%.
In a move to streamline the application process and improve transparency, RAW has removed risk premiums for cases from high-risk countries. Jurisdictional risk factors are now fully reflected in the core product pricing, eliminating additional costs for applicants. Other high-risk factors will be considered on case-by-case basis.
The lender has also reintroduced a flat £950 repayment fee, which brokers and borrowers can access alongside RAW's core offerings of decisions in principle within one business day and no stress testing.
Tim Parkes, CEO of RAW Capital Partners, said: “We’re always looking for ways to adapt and streamline our offering to better serve brokers and their expat or international clients. Since we raised our maximum LTV limit, we’ve experienced significant demand, but we were also keen to further improve and simplify our pricing structure.
“Today’s rate reductions and revised risk considerations will remove friction from the process, giving brokers and their clients a clearer picture of affordability from the outset. I’m confident our new-and-improved offering will land really well.”
