In February 2021, we increased an existing facility of £20m to £40m with RAW Mortgage Fund, a specialist fund providing buy-to-let property loans against residential real estate in the UK.

Founded in May 2015, the Fund is run by RAW Capital Partners, the Guernsey-based innovative asset management company. Led by Tim Parkes and Richard Avery-Wright, the Fund has been able to provide very consistent returns to investors, provided from the interest payable on mortgage loans, since launch. 

The Fund had strong loan book performance throughout 2020, and has a strong pipeline for 2021, despite the ongoing challenges being presented by the pandemic. It used the facility from OakNorth Bank to lend ahead of investor subscription and retain headroom for potential redemptions.