Roma Finance has launched products for development and commercial finance purposes up to 60 per cent loan to value (LTV).
The development finance product offers loans from £100,000 to £750,000 at a loan to gross development value (LTGDV) of 60 per cent and both ground up and part-built sites will be considered.
The commercial bridging deal is offered on a wide range of property types and has rates from 1.25 per cent. This product has no exit fee.
Roma Finance has also removed the requirement to use other properties as additional security from its light, medium and heavy refurbishment range.
The products are available for properties bought at auction, conversions, refurbishments, homes in multiple occupancy (HMOs) and ground up development.
Nick Jones, commercial director at Roma Finance, said: “The growth in business at Roma Finance has been staggering and we have scaled up to ensure our service levels are maintained in line with demand. We are delighted to be able to offer these new products which have been created in response to customer and intermediary feedback.
“With strong and sustainable funding lines in place to help us keep pace with the growing demand for our products, now is the right time to launch these new products and widen the opportunity in the market.”
Shekina is the deputy editor at Mortgage Solutions and commercial editor at Mortgage Solutions and Specialist Lending Solutions. She has nearly eight years of experience in the B2B publishing market, having previously covered the hospitality, retail, pet, accounting and jewellery sectors.
Shekina has worked for Mortgage Solutions and Specialist Lending Solutions for almost five years. Here, she covers the market’s breaking news stories, engages with professionals in the sector, and oversees any commercially agreed content in partnership with mortgage-related companies.
This includes presenting webinars and hosting roundtable discussions on developing themes in the mortgage sector.
She is an NCTJ-trained journalist and was nominated for the Headline Money Awards Mortgage Journalist of the Year in 2021.
In her spare time, Shekina likes to read, travel, listen to music and socialise with friends.
She currently reports on current events in the mortgage market and liaises with financial clients to produce sponsored content.
Follow her on Twitter at @ShekinaMS