The offering is available on loans up to £2m, with a maximum loan to value (LTV) of 70% and a fixed rate of 7.99%. Roma Finance also offers other rate options for property investors and business owners across England, Scotland and Wales.
This launch forms part of Roma Finance’s strategy to offer options across the property investment lifecycle, following its forward flow agreement with JPMorgan. This will enable the lender to provide brokers with solutions for their property investor and owner clients, complementing its existing bridging, development and mortgage products.
Recently, the lender launched its commercial mortgage proposition.
Michael Allison, commercial director at Roma Finance, said: “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.
“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.”
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He added: “The bigger picture for us is about making the funding journey more connected. Whether a customer is acquiring an asset, carrying out works or looking to retain an investment for the longer term, we want to be able to support them as their requirements develop.”
