Roma Finance completes £1.47m RomaPRO deal in 28 days

Published on

Roma Finance has completed its first seven-figure transaction through its RomaPRO product, delivering a £1.47 million buy-to-let mortgage to refinance a 12-property portfolio in Liverpool.

The case was introduced by Express Mortgages and finalised within 28 days. The facility enabled the borrower, a Liverpool-based property investor, to consolidate existing mortgages while raising additional capital for future expansion of his business.

RomaPRO, launched in January, is positioned as an end-to-end funding solution designed to serve the needs of professional landlords and portfolio investors. The 60-month term loan offered the flexibility to monetise the borrower’s existing assets, making it a suitable fit for refinancing multiple properties under tight timelines.

TIMELY VALUATIONS

A key challenge in completing the deal was obtaining accurate and timely valuations across a wide range of assets. This was resolved using a blend of desktop assessments and automated valuation models (AVMs), allowing the underwriting process to continue without unnecessary delays.

Dan Hill, senior key account manager at Roma Finance
Dan Hill, Roma Finance

Dan Hill, senior key account manager at Roma Finance, said: “We’re thrilled to have completed our first seven-figure deal using RomaPRO.

“This transaction perfectly demonstrates how the product is tailored to meet the needs of property investors, offering the flexibility, speed, and support required to grow their investment portfolios.

“The completion of this deal in just 28 days is a testament to the expertise of our team and the strength of our partnerships.”

INVESTOR-FOCUSED
Paul Rawson, founder of Express Mortgages
Paul Rawson, Express Mortgages

Paul Rawson, founder of Express Mortgages, said the outcome showed how brokers and lenders could work in tandem to deliver a strong investor-focused solution.

“Roma Finance delivered exactly what was needed for our client. The RomaPRO product provided a structured and effective solution, allowing him to refinance his portfolio and access additional capital to reinvest in his business.

“The use of desktop valuations and AVMs played a crucial role in ensuring a smooth and timely process. This deal is a great example of how lenders and brokers can work together to deliver exceptional results for property investors.”

COMMENT ON MORTGAGE SOUP

We want to hear from you!
Leave a comment and get the conversation started.
You need to register to post, so please login or sign up below.

Latest articles

The Coventry cuts selected intermediary residential fixed rates

Coventry for intermediaries has reduced a number of residential fixed-rate products for new and...

Mortgage Advice Bureau completes acquisition of Dashly

Mortgage Advice Bureau (MAB) has completed the acquisition of technology and data company Dashly,...

The Buckinghamshire lowers rates across key ranges

Buckinghamshire Building Society has cut rates across a wide spread of residential and buy-to-let...

FCA finds protection market delivering good outcomes, says TPFG

The Property Franchise Group PLC (TPFG) has responded to the publication of the Financial...

Conditional selling remains industry flashpoint as enforcement lags

Conditional selling remains one of the most persistent and contentious issues facing the UK...

Latest publication

Other news

The Coventry cuts selected intermediary residential fixed rates

Coventry for intermediaries has reduced a number of residential fixed-rate products for new and...

Mortgage Advice Bureau completes acquisition of Dashly

Mortgage Advice Bureau (MAB) has completed the acquisition of technology and data company Dashly,...

The Buckinghamshire lowers rates across key ranges

Buckinghamshire Building Society has cut rates across a wide spread of residential and buy-to-let...