Lender launches 'market-leading' bridging rates

Lender launches 'market-leading' bridging rates




Roma Finance has refreshed its product range to offer a clearer and more competitive range of products..

Roma Finance has refreshed its product range to offer a clearer and more competitive range of products.

In response to introducer feedback, the lender has introduced several new products for clients looking to fund HMOs, property renovations and unmortgageable properties.

The ‘Roma 45’ offers a market leading rate of 0.45% per month over a three month term with a 1.8% exit fee.

The range also includes the ‘Roma 85’ with a monthly rate of 0.85% for a six month term, a product with no exit fees and a product to cater for a nine month term.

Roma has also increased the maximum loan size to £650,000 and 100% LTV is possible with additional security.

Unveiling the range, Director Scott Marshall said: “We have listened to introducer’s feedback and the needs of their clients to develop a suite of solutions that caters for almost everyone looking to source short term finance for property development and refurbishment projects,” said Scott.

Scott added that Roma would be flexible in a way that allowed introducers to win more business when the proposition was assessed and deemed to be viable.

“We’ve improved our processes too, with a new automated back office loan processing system to progress cases and payouts more efficiently, particularly important when timescales are short, for example when buying property at auction or for a special one-off price,” concluded Scott.

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