The Manchester-based lender has cut rates for its ‘Standard 6’ and ‘Standard 9’ products to 1.05% and 1.10% respectively, with a 0.15% premium for the no exit fee option.
The new range of products is aimed at clients looking to fund houses of multiple occupancy, property renovations and unmortgageable properties.
Roma is also planning to invest in new office space and hire more staff.
Scott Marshall, Director at Roma Finance, said: “We have again listened to introducer feedback to develop a suite of solutions that continues to cater for almost everyone looking to source short term finance for property development and refurbishment projects.
“We’ll also be flexible in a way that allows our introducers to win more business when the proposition is assessed and deemed to be viable.
“This is an exciting year for Roma Finance as we plan to triple the size of our loan book, invest in new offices, recruit more staff and ensure all our people obtain the CeMAP qualification.”
Roma is still offering its 0.45% product, now named ‘Roma 3’ based on its three-month term.
The lender’s maximum loan size remains at £650,000 and 100% LTV is possible with additional security.
Leave a comment