"RAW Capital Partners’ proposition in particular to both foreign nationals and non-UK residents will offer our member firms a wider product offering for these types of clients. "
- Richard Howes, director of mortgages at Paradigm
Paradigm has added specialist and buy-to-let lender, RAW Capital Partners, to its lender panel.
The lender offers mortgages to foreign nationals and non-UK residents who require finance on completed or near-completed residential property in the UK. RAW Capital Partners has provided mortgages to borrowers in more than 60 jurisdictions worldwide, covering first-time buyers to first-time landlords.
From today, Paradigm member firms will be able to access RAW Capital Partners’ range of tailored mortgage solutions for both buy-to-let and specialist lending, including unregulated lending to individuals, trusts and companies, and interest-only lending of terms from five to 10 years.
Mortgages are available up to 65% LTV on loans from £50,000 to £4m. Customers do not need a UK bank account and its range has no minimum income or maximum age consideration, with students, the self-employed and retirees all considered.
RAW also pledges the delivery of a decision in principle within 24 hours on full application.
Richard Howes, director of mortgages at Paradigm, commented: “At Paradigm we are always looking for those lenders who can fulfil a significant niche in the mortgage market, and RAW Capital Partners’ proposition in particular to both foreign nationals and non-UK residents will offer our member firms a wider product offering for these types of clients. RAW has already proved adept at catering for the needs of these borrowers, with their flexible approach, access to decision makers and team of specialists we believe will be of benefit to our members’ overall propositions. We are looking forward to working with RAW team and helping it establish itself further in the mortgage distribution space.”
Tim Parkes, CEO of RAW Capital Partners, said: “We are thrilled to launch our partnership with Paradigm in our tenth year of lending. RAW Capital Partners will be a great asset to Paradigm members as they look to place some of their specialist buy-to-let business. Our products and proposition have evolved considerably in the last year alone and we look forward to showcasing our fast and flexible capabilities. It is a privilege to join the Paradigm family and we are excited for what lies ahead.”
