RAW Capital Partners has introduced a new fee-free overpayment option on its mortgages.
This will apply on up to 10% of a borrower’s outstanding loan balance each year.
The new overpayment option is designed to provide greater flexibility for landlords using interest-only mortgages, allowing them to reduce their loan balance, increase equity across their UK property portfolios, and lower the total cost of borrowing over the life of the loan.
It will be available to both UK-resident and non-UK resident clients.
“It’s the start of a new year, and we know that many landlords will be scrutinising their portfolios and their finances,” said Tim Parkes, CEO at RAW Capital Partners (pictured above).
“For our clients, this new overpayment option gives them a straightforward way to reduce leverage, build equity and manage costs, without sacrificing the flexibility of an interest-only structure.”
