The new proposition was created to support partners and their customers, following the success of the RomaFLOW process launched in 2021.
- B&C Awards 2023: The Video
- Mixed reactions to weak house price growth: 'people are sitting on their hands'
- Lendco appoints new bridging sales executive
The new range includes three main products:
- FLOWbridge, focused on residential bridging and auction finance
- FLOWrefurb, with refurbishment costs up to 25% of the initial market value of the security
- a light development product, for cases where the refurbishment costs are between 25 – 50% of the initial market value of the security
All products are available to the whole of the market — 20 broker partners will have access to an exclusive range with pricing at 9.9% per annum where the exit strategy is a refinance.
In addition, desktop valuations are also now available at up to 70% LTV.
Michael Allison, commercial director at Roma Finance (pictured above), said: “We are focused on more than just lending and are dedicated to supporting the market in these ever-changing economic circumstances.
“We remain agile and believe these new products and rate changes will provide support to those who are looking to maximise property investment opportunities.
“RomaFLOW has been highly successful with its intelligent touch underwriting and fast completion times with outstanding feedback.
“This is the next progressive step on the journey for Roma.”
Leave a comment