Roma Finance reports record month

Published on

Roma Finance has achieved its record month, not only for new business but also redemptions in October.

Year on year, the Roma loan book has increased by 88%.

In addition, successful redemptions have continued to climb with a 100% year on year increase.

Roma has experienced multiple record-breaking periods of enquiries and completions over the last 14 months, and a review of cases in underwriting show this to be continuing, it says.

Roma has its highest ever pipeline in both volume and value with demand for its RomaFLOW products, the fast completions channel, being its most popular range.

Scott Marshall (pictured), Roma’s managing director, said: “These results are fantastic, demonstrating the quality of our originations team, our strength and depth in underwriting, incredible support from our funding lines and the extraordinary way we work with borrowers to achieve positive outcomes, particularly during challenging times.

“The amount of repeat business, recommendations and referrals we receive are testament to this. The more customers that return, the more certain we are that our unique proposition works. But we are not stopping here and the next 18 months promises to be even more exciting, with new products ready for launch in Q1 2023.”

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

Impaired credit mortgage sales rise to highest level since 2008

Mortgage lending to borrowers with impaired credit histories has climbed to levels not seen...

Councils to gain earlier powers over long-term empty homes

Councils will be able to intervene when homes have stood empty for six months...

Phoebus completes latest SOC 2 Type II assessment

Phoebus Software has renewed its SOC 2 Type II attestation after KPMG assessed the...

Low-deposit mortgage lending climbs 38% to £24.7bn

Mortgage lending at loan-to-value ratios above 90% rose sharply over the past year as...

Stonebridge reports sharp rise in protection policies placed in trust

The proportion of protection policies being placed in trust has risen substantially over the...

Latest publication

Other news

Impaired credit mortgage sales rise to highest level since 2008

Mortgage lending to borrowers with impaired credit histories has climbed to levels not seen...

Councils to gain earlier powers over long-term empty homes

Councils will be able to intervene when homes have stood empty for six months...

Buy-to-let has matured as a market

Buy-to-let turned 30 last week, and it's a good moment for some much-needed positivity...