Scott Marshall

Roma introduces new bridging products

Roma Finance has launched new bridging products at 70% LTV and made a number of enhancements to the range.

There is a new standard bridging product at 70% LTV with no exit fee and rates start from 0.95%.

An AVM auction product has also been added where no physical valuation is required at up to 65% LTV.

With this particular product, investors can obtain an AVM valuation ahead of an auction, providing them with a ceiling price for bidding, which will give them confidence that finance has been secured in advance.

The lender provides bridging and development finance for buying at auction, BTLs, HMOs, semi-commercial property, and ground-up developments.

It also offers a bridge-to-term option and has recently launched brand new solutions in the holiday let and serviced accommodation market.

Scott Marshall, managing director at Roma Finance (pictured above), said: “With strong and sustainable funding lines in place to help us keep pace with the growing demand for our products, now is the right time to launch these new products and improve LTVs for our priority business lines. 

“To cope with higher business levels, we are continuing to expand the Roma team and we are seeing tremendous growth in our lending for property acquisition and refurbishment.  

“The new products and lower rates will further stimulate our business in a focused and strategic way and we will continue to deliver excellent service to our introducers and customers.”

Leave a comment