Roma Finance

Roma Finance launches 0.44% bridging rate

Roma Finance has reduced the rate of its three-month bridging product to 0.44% per month.

The bridging finance lender also revealed that facilities were available for up to 75% LTV on residential investment first charge bridging cases.

The new product is aimed at introducers who have customers looking to acquire buy-to-let properties, complete HMO conversions, undertake property renovations, buy investment properties at auction or are looking to purchase unmortgageable residential investment properties.

Scott Marshall, managing director at Roma Finance (pictured above), said the offer was ideal for introducers experiencing delays with other lenders.

“Our new fast-track lending process will also help introducers to complete more cases more quickly and is already proving to be a big success with over 70% of cases completing within just 15 days.

“As we cater for most types of residential investments, our bridging loans can be used to acquire unmortgageable properties as well as to carry out renovations and change of use.

“We’ve not only launched what we believe to be the best rate in the market for this type of finance, but also pay generous commissions.”

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