Since the beginning of the year, it has also benefited from the launch of a new product suite, a new 3-month 0.45% product and an increase in its maximum loan size to £650,000.

 

Roma has also undergone an internal review which has increased efficiencies, streamlined administration and reduced the packaging requirement for introducers.

 

In January, Roma announced that it was aiming to treble its loan book by reducing rates and offering more no exit fee options. 

 

“The first quarter of 2016 has seen a lot of our planned improvements to the business come to fruition,” said Scott Marshall, Director at Roma Finance. 

 

“From products to processes to partnerships, the hard work has yielded an impressive 300% increase in lending volumes which is a great credit to the whole team at Roma.”

 

Scott also said Roma had received a good level of enquiries for completions in April, something it had not expected.  

 

“Part of the success is definitely because more introducers are working with us and experiencing the great levels of service we provide,” said Scott. 

 

“It’s pleasing that we are still able to provide funding quickly with Agreements In Principle being delivered within an hour of enquiry and being able to fund deals in just 48 hours. 

 

“Properties such as HMOs (houses in multiple occupation) and unmortgageable properties remain popular and our pragmatic approach to underwriting has struck a chord with introducers and their clients, helping our drive for growth.

 

“As one borrower stated when we lent £450,000 on a £600,000 purchase in just two working days last week. ‘I’m super impressed’.”

 

Roma has since announced it has appointed an ex-Together managing director and former HSBC manager to help it achieve its growth plans.