Roma launches 0.75% bridging rate offer

A tranche of £15m is available for introducers, who will receive a commission of 1.5% as the lender hopes to attract borrowers looking to acquire buy-to-let property, complete HMO conversions, undertake property renovations as well as those looking to buy at auction.

Full product details for the offer are:

• 0.75% per month
• Up to 75% LTV (more with additional security)
• No exit fees
• First charges on residential properties
• Loans from £100,000-500,000
• Six-month term with interest deducted
• 1.5% commission
• No re-bridges
• Cases must complete by 31^st May.

Scott Marshall, managing director at Roma Finance, said this was a great offer for introducers who are experiencing delays with other lenders and would help them move residential investment property projects towards completion.

“As we cater for most types of residential investments, our bridging loans can be used to acquire unmortgageable property as well as to carry out renovations and change of use.

“We’ve not only reduced the rate for a limited time, but are offering a fair commission of 1.5% as we look to build long-term relationships with even more introducers looking to assist their customers.”