RAW Capital Partners (RAW) has decreased the rates of two merchandise inside its non-UK residents and UK expats by up to 0.50%.
The product’s introductory mounted price has been decreased from 6.99% to 6.49% for a restricted time solely. Its variable price product is priced at an rate of interest margin of two.25% above the financial institution price.
The Guernsey-based funding administration agency, by its RAW Mortgage Fund, supplies specialist buy-to-let (BTL) mortgages to international purchasers investing in UK properties.
RAW is providing its new, decrease rates on the primary 55% loan-to-value (LTV) of its time period mortgage merchandise.
The 6.49% introductory mounted price is on the market for UK expats and non-UK residents as long as they full earlier than 31 October 2024.
The BTL asset should be situated in a significant UK city or metropolis.
Raw Capital Partners interim managing director Ben Nichols says: “Appetite for UK residential property stays robust amongst worldwide buyers, so our focus is on guaranteeing they’re effectively served from a finance perspective. We’re trying ahead to working with present and new intermediaries as we enter the second half of the 12 months.”
