Scott Marshall

Roma posts 80% increase in lending volumes




Roma Finance has reported an 80% year-on-year increase in lending volumes in England and Wales for H1 2018.

The bridging and development finance lender has seen a growing proportion of this increase coming from the North West.

Roma said that it was helping an increasing number of experienced developers benefit from a favourable environment to renovate and convert a wide range of property across the region.

The lender added that it was growing its BDM and underwriting teams to cope with current and future demand across England and Wales.

“Although we lend throughout England and Wales, we’ve seen some tremendous projects in the North West and this has become a huge growth area for us,” said Scott Marshall, managing director at Roma Finance (pictured above).

“There’s a high demand for property conversions, for example, we have just enhanced our facility to £1.52m on our largest ever case in Manchester as it now has planning for 30 apartments (up from 26) with underground parking.

“There’s a greater demand than ever before, and we are now rapidly growing the team, so more introducers and developers can benefit from the opportunities our bridging finance solutions can provide.”

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