Roma ups LTV and streamlines valuation process

Roma Finance has increased its LTV for residential bridging finance to 75% and has streamlined its valuation process.

For the new valuation system, Roma is now working with selected packagers to allow them to instruct their own valuation — previously this process had been solely completed by the lender. 

This aims to allow completions to take place at increased speed and give packagers more control.

Roma said it is continuing to review, innovate and respond to the market, as the volume of business submitted to it remains on an upward trajectory.

Nick Jones, commercial director at Roma (pictured above), said: “We are an incredibly intermediary-focused business and I am proud of our culture and the way in which the Roma team has supported all our stakeholders including customers, intermediaries, solicitors, surveyors and valuers throughout 2020.  

“In 2021, it is essential we continue to make advances with products, processes and technology to maintain the speed intermediaries and customers need for their property investments. 

“These enhancements will allow more customers to access short-term finance and enable even faster case processing and completions.”

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