Roma Finance increases bridging LTV to 70%
Scott Marshall

Roma Finance increases bridging LTV to 70%




Roma Finance has increased its LTV to 70% on residential bridging finance and 65% on semi-commercial.

This is a five-percentage point increase on previous products.

The update follows the news that physical inspections are now available.

The lender recently re-entered the market with AVM and desktop valuation products, which will remain in place.

Its maximum LTV on its BTL range will remain at 75%.

Scott Marshall, managing director at Roma Finance (pictured above), said: “We are delighted we are taking another important step in this challenging time.
 
“The pandemic has given businesses a new perspective on continuity and innovation. 

“Adaptation is essential, and we will continue to be proactive and support brokers, customers and the overall industry.

“I am proud of our transparency and the way in which the Roma Finance team has supported all our stakeholders, including customers, brokers, solicitors, monitoring surveyors and valuers throughout this challenging period.

“Furthermore, I am delighted with our agility in the steps we have taken to date as we continue to remain at the forefront of the market.” 

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