RAW Capital Partners has become the latest firm to join Legal & General’s (L&G) Mortgage Club lender panel.

The Guernsey-based specialist lender has a decade of experience in providing bespoke mortgages to foreign nationals, UK expats and Channel Islanders investing in UK buy-to-let property.

RAW provides lending to private individuals, trusts and companies, and its product range covers completed or near-completed residential properties, offering interest-only loans for up to 10 years. Loan sizes range from £100,000 to £4m, with up to £10m of total lending to a single counterparty up to 70% LTV.

It comes after RAW expanded its offering so it could lend to UK residents in December. Its recent product and process enhancements include fee-free overpayments for both UK and non-UK resident products, faster early-stage decisions through AVMs and the ability for overseas borrowers to make mortgage interest payments directly from a UK bank account.

All of these enhancements will now be available to all L&G’s members.

L&G’s Mortgage Club business had its 30th anniversary last year, having completed £1.1trn of mortgages since 1995. It is the UK’s longest-running mortgage club and is involved in nearly one in four of all UK mortgages, as well as almost one in three of all intermediated mortgages.

Chief executive officer at RAW Capital Partners, Tim Parkes, said: "Our entire proposition is based on our ability to take on cases that other lenders may shy away from. With the launch of our UK product two months ago, we're able to work with an even broader range of brokers and borrowers, so now’s the perfect time to join L&G’s Mortgage Club lender panel.

"We’ve received a really positive response from brokers to the new products and enhancements that have been rolled in recent weeks, and I’m confident that the club’s members will find great value in our bespoke financial products.”

Head of strategic accounts at L&G’s Mortgage Services business, Greg Cunnington, added: "We’re committed to working with lenders who understand and adapt to our brokers and clients’ evolving needs. That’s why we’re delighted to welcome RAW Capital Partners to our lender panel, giving our members access to a range of flexible and bespoke products to support their customers."

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