RAW Capital Partners has provided a small loan secured against a London property for a British national living in Italy.
The self-employed borrower, who inherited a London property, faced challenges securing finance due to strict criteria from mainstream lenders.
The borrower’s employment status, small loan size, and existing debt were significant hurdles for their broker.
After completing additional Know Your Customer (KYC) checks, the lender was satisfied with the expat borrower’s financial situation.
Following thorough due diligence, RAW Capital Partners issued a loan of £150,000 at a loan-to-value (LTV) of 50%.
Ben Nichols (pictured), managing director of RAW Capital Partners, said: “This case demonstrates two qualities that set RAW Capital Partners apart: firstly, that we can provide loans of small sizes that other lenders might shy away from; and secondly, we are experts in lending to under-served segments of the property investment market, including British nationals living abroad.
“As long as no red flags emerge when we go through our extensive KYC process, we will always look for a way of making a deal, and take a bespoke approach to assessing each application as they come in.
Nichols added: “In this case, we saw that the borrower’s financial situation was strong, despite its unconventional nature and some debt they had.
“So, we were pleased to facilitate the loan promptly, addressing the borrower’s needs and supporting the broker in finding a solution.”
