RAW Capital Partners supports Chinese first-time landlord couple

Published on

RAW Capital Partners has provided a buy-to-let mortgage to a Chinese couple purchasing an apartment in Manchester, helping them make their first investment in the UK property market.

The Guernsey-based investment management firm, through the RAW Mortgage Fund, provides specialist mortgages to foreign nationals and UK expats looking to invest in UK buy-to-let property, as well as mortgages for Channel Islanders.

OBSTACLES

This involved Chinese nationals with a single current income source and no prior experience in property investment. The broker had faced difficulties to secure finance for the client as many mainstream lenders will turn away applications from first-time landlords or foreign nationals, and therefore the combination of both was a challenge.

However, RAW Capital Partners considers each enquiry on a case-by-case basis, and in this instance, following extra KYC checks, the lender was comfortable with the financial circumstances of the couple.

Once the due diligence was complete, RAW Capital Partners issued the client with a buy-to-let mortgage of £300,000 at an LTV of 50%.

“foreign nationals can find it notoriously difficult to access buy-to-let mortgages”

Ben Nichols

Ben Nichols, managing director of RAW Capital Partners, said: “The UK’s buy-to-let market has long attracted the interest of investors from around the world. But these foreign nationals can find it notoriously difficult to access buy-to-let mortgages, with many lenders unable or unwilling to complete the additional due diligence required to lend to those outside of the UK. At RAW Capital Partners, we pride ourselves on catering to this under-served market.

“To date, we have provided loans to clients based in over 50 countries, including a strong track record in Asia and Africa. Our ability to work with a global client base comes down to our expertise in the KYC process, and our approach of thoroughly assessing each enquiry on a case-by-case basis. We were delighted to help these Chinese clients begin their property investment journey’s and further build on our relationship with the broker who introduced the case to us.”

Latest POLL

COMMENT ON MORTGAGE SOUP

We want to hear from you!
Leave a comment and get the conversation started.
You need to register to post, so please login or sign up below.

Latest articles

More2life unveils Tailored Interest Reward lifetime mortgage

More2life has launched its latest lifetime mortgage, Tailored Interest Reward, designed to provide later...

Pivot provides complex multi-loan deal for Denby Dale development

Pivot has completed a funding package consisting of three loans for a residential development...

HREF reports record month for lending

Hilco Real Estate Finance (HREF) has recorded its strongest month to date, completing three...

Mortgage advisers failing over-50s on later life lending, Key warns

Mortgage advisers are not doing enough to support over-50s with later life lending options,...

Other news

More2life unveils Tailored Interest Reward lifetime mortgage

More2life has launched its latest lifetime mortgage, Tailored Interest Reward, designed to provide later...

Pivot provides complex multi-loan deal for Denby Dale development

Pivot has completed a funding package consisting of three loans for a residential development...

HREF reports record month for lending

Hilco Real Estate Finance (HREF) has recorded its strongest month to date, completing three...