Complementing its existing buy-to-let (BTL) products, the bridging range is designed to serve buy-to-let landlords at key points in the property investment lifecycle.
RAW Capital Partners has added bridging finance to its specialist lending proposition.
Complementing its existing buy-to-let (BTL) products, the bridging range is designed to serve buy-to-let landlords at key points in the property investment lifecycle, including bridge to purchase, chain breaks, and bridge to exit.
RAW’s bridging loans range from £100,000 to £4m, terms of three to 18 months, with a maximum loan-to-value (LTV) of 60% for bridging loans, and tiered rates depending on the LTV.
Ben Nichols, CEO of RAW Capital Partners, said: “This is an exciting development for RAW. We are seeing clear demand from brokers for fast and flexible bridging finance to address particular challenges, such as a broken chain or a development exit, so it’s important that we evolve our product range accordingly.
“The strength of the RAW Mortgage Fund means we’re ideally positioned to offer bridging loans, with speed and certainty the two key qualities we want to provide for brokers.
“Ultimately, while we’re diversifying our product options and always seeking ways to improve product features, we still want to be known for being reliable and consistent in the service we deliver to brokers and borrowers. I’m confident the launch of our new bridging range will be well received.”