Roma Finance agrees forward flow with JP Morgan to launch long-term mortgage proposition

Roma Finance has agreed a new forward flow with JP Morgan, significantly expanding the lender’s long-term lending capabilities.

This transaction will enable Roma to launch a range of long-term BTL and commercial mortgage products, including terms of up to 40 years and competitive two-, five- and seven-year fixed rate options.

As part of the expansion, Roma is broadening its support for property investors and business owners through a new commercial and semi-commercial mortgage proposition covering owner-occupied premises, investment properties and PropCo OpCo structures across a range of use classes throughout England, Scotland and Wales.

To support its growth journey, Roma has recently made additional hires with the team now at almost 100 colleagues.

Scott Marshall, managing director at Roma Finance (pictured above), said: “This is a landmark moment for Roma Finance, particularly in the current climate, and a hugely exciting step in the continued evolution of our business.

“Securing a forward flow with JP Morgan is not only transformational for our growth plans, but also provides significant support to our strategy and our people as we look to capitalise on this exciting opportunity.

“Our vision has always been to support brokers, property investors and developers throughout their entire journey, and this transaction enables us to strengthen that ‘Customer for Life’ proposition even further.

“I can confirm that further product launches and enhancements to our services are expected to follow later this year — so watch this space.”

Rob Tanna-Smith, co-head of northern European ABS at JP Morgan, added: “This forward flow transaction will support Roma Finance as they broaden their product offering in the specialist property lending market, and also as they implement their strategic vision to deliver on the next phase of growth.”

Roma said it expects this news to be viewed as a strong vote of confidence in the resilience and growth of the UK specialist finance market, following the market disruption earlier this year.