RAW Capital Partners has cut rates for its products with higher LTVs, while also simplifying its pricing structure.
Earlier this month, the Guernsey-based lender increased its maximum LTV from 55% to 75%.
Now, rates on its 65% and 70% LTV mortgages have been reduced by 0.25% and 0.5% respectively.
Interest rates for foreign nationals start from 6.24%.
To streamline the application process and improve transparency, RAW has removed risk premiums for cases from high-risk countries.
Jurisdictional risk factors are now reflected in the core product pricing, with other high-risk factors to be considered on a 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.
“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,” said Tim Parkes, CEO at RAW Capital Partners (pictured above).
“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.”
