Case details:
- Turkish national and resident
- new build apartment in Salford
- 45% LTV total lending
- 7 year term
- £225,000 property value
- 32 day completion
Unlike a number of other lenders, RAW’s minimum loan is just £50,000. This allows us to help more borrowers with their lending requirements.
We recently completed on a £100k loan to a Turkish national and resident secured against a new build apartment in Salford.
The client was self-employed but had accumulated significant cash reserves which made this a sensible case to lend against. With a comfortable 1-month completion turnaround, this was a fairly straightforward case for RAW.