Roma Finance increases LTVs in criteria update

The lender will now issue loans up to 70 per cent LTV on semi-commercial bridging products and 65 per cent LTV on commercial loans.  

Second charge lending can now support purchases up to 65 per cent LTV of a property’s open market value. 

The lending limit for land with planning purchases has risen to 55 per cent LTV and development works plus fees will now be eligible for loans up to 60 per cent loan to gross development value (LTGDV). 

Steve Smith, national sales manager at Roma Finance, said: “These criteria enhancements have been made to support the increasing commercial opportunities available and also the growing development market. We are continuing to see significant growth across the board in all areas and believe these new enhancements will further stimulate this. 

“We are continuing to recruit across all business teams to ensure service levels are maintained with the goal of enhancing these too. We have some very exciting times ahead.”