Roma Finance launches new semi-commercial product

Roma Finance has expanded its long-term mortgage proposition with the launch of a new semi-commercial mortgage product, designed specifically for mixed-use property.

The new product provides loans of up to £2m, up to 70% LTV at a fixed rate of 7.99%, for property investors and business owners across England, Scotland and Wales.

The launch forms part of Roma Finance’s continued expansion into longer-term lending and has been developed to provide a straightforward funding option for semi-commercial.

“Mixed-use property has always been an important part of the specialist lending market, but these assets can require a more considered approach because they sit across both residential and commercial lending,” said Michael Allison, commercial director at Roma Finance.

“Our new semi-commercial product gives borrowers a dedicated long-term funding option for these cases, while also building on the wider lending capability we have developed over the past year to give brokers another option when structuring finance for customers with mixed-use property requirements.”