The lender said that it was “well-known for its funding diversity” and this funding line added “further security and flexibility for its broker partners and borrowers”.
The firm continued that the funding line would help it on its trajectory to a £350m loan book and had led to the launch of short-term lending products to market this month with buy-to-let deals soon to follow.
Roma Finance and The Cambridge Building Society have been working together since 2017, so this funding line further cements this relationship.
Scott Marshall, founder and managing director of Roma Finance, said: “The extension of our partnership with The Cambridge Building Society marks a very exciting time in our business and is a major step forward in our vision. Roma has an incredibly strong working relationship with all of its funding partners and The Cambridge Building Society is no exception.
“We believe this to be the largest-ever funding agreement between a building society and a non-bank lender in the UK and we are already seeing firm demand for these new products. I’m looking forward to supporting more great customers in building their property portfolios.”
Carole Charter, chief commercial officer at The Cambridge Building Society, said: “We are delighted to have agreed this new facility with Roma. They are focused entirely on the interests of their borrower and we have been highly impressed with their track record for repeat business and successful redemptions.
“We are wholly aligned as organisations and I am very enthusiastic about the future of both our businesses and the partnership.”