Roma Finance launches RomaFLOW deals and desktop vals

Published on

Short-term lender, Roma Finance, has launched a RomaFLOW bridging product range and desktop valuations.

The new RomaFLOW range has three new product focuses: FLOWbridge, focused on residential bridging and auction finance, FLOWrefurb, with refurbishment costs up to 25% of the initial market value of the security, as well as light development, where the refurbishment costs are between 25%–50% of the initial market value of the security.

Desktop valuations are also now available up to 70% loan to value. All products are available to the whole of the market, with 20 broker partners having access to an exclusive range with pricing at 9.9% per annum, where the exit strategy is refinance.

Michael Allison (pictured), commercial director of Roma Finance said: “We are focused on more than just lending and are dedicated to supporting the market in these ever changing economic circumstances. We remain agile and believe these new products and rate changes will provide support to those who are looking to maximise property investment opportunities.

“RomaFLOW has been highly successful with its intelligent touch underwriting and fast completion times with outstanding feedback. This is the next progressive step on the journey for Roma.”

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

Growth in mortgage and rent spending slows as buyers brace for higher repayments

Growth in consumer spending on mortgages and rent slowed for the third consecutive month...

Mortgage Guarantee Scheme to be made permanent

The government’s latest Spending Review has confirmed the Mortgage Guarantee Scheme is set to...

Soaring house prices put childhood towns beyond reach for many Brits

The dream of returning to one’s childhood hometown is slipping out of reach for...

Black & White Bridging expands broker breakfast events nationwide

Black & White Bridging is rolling out its ‘Breakfast for Brokers’ networking series across...

Time Finance expands invoice finance division with senior SE hire

Time Finance has appointed Paul Rice as business development manager within its invoice finance...

Latest opinions

Open banking and smart data transformed finance – now it’s time to do the same for property

The UK is set for a 'smart data' revolution, a revolution which began with...

Richard Pike: Day two from the Global ABS Conference in Barcelona

We’re just coming to an end of day two at the Global ABS conference....

Service isn’t just a ‘nice-to-have’ – it is the product

Have you ever had a decent meal in a restaurant ruined by slow service...

Richard Pike: our reporter-at-large at Barcelona APS conference

The Global Asset Backed Securities (ABS) conference starts today at the International Convention Centre,...

Other news

Open banking and smart data transformed finance – now it’s time to do the same for property

The UK is set for a 'smart data' revolution, a revolution which began with...

Growth in mortgage and rent spending slows as buyers brace for higher repayments

Growth in consumer spending on mortgages and rent slowed for the third consecutive month...

Mortgage Guarantee Scheme to be made permanent

The government’s latest Spending Review has confirmed the Mortgage Guarantee Scheme is set to...