Roma Finance reveals redemptions record

Published on

Roma Finance has reported a record month of redemptions for volume and value in December, attaining 165% of expected redemptions.

The lender said it achieved multiple record-breaking months across new business, loan book growth and redemptions through 2023.

Redemption exits have been a mixture of refinances and sales, with a trend towards refinance as more landlords grow their portfolios.

Roma says continues to experience record-breaking periods of enquiries and completions and starting 2024 it has its highest ever pipeline in both volume and value with demand for its bridging and development products.

Deborah Chaplain (pictured), Roma’s head of collections said: “I am delighted with this achievement, the result of our robust engagement strategy which has proved highly successful. The customer service and collections team build relationships with all borrowers from the day of funding.

“We support them and are highly transparent. This means that so many of our borrowers and partners work with us time and again. We love to lend and we love to lend again.”

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

Rising cost of living could stall housing market activity

The rising cost of living remains the most pressing concern for Britons and could...

The Mortgage Works cuts switcher rates for existing landlords

The Mortgage Works has announced reductions of up to 0.25 percentage points on selected...

Homeowners stay put as remortgaging nears parity with home purchases

Britain’s homeowners are increasingly choosing to refinance rather than move, with remortgage activity now...

Co-operative Bank in sub-4% mortgage arena following rate cuts 

The Co-operative Bank for Intermediaries has reduced selected residential and buy-to-let mortgage rates, bringing...

Access FS appointment to lead recruitment strategy

Access Financial Services has appointed Rob Jarvis as business development manager, tasking him with...

Latest publication

Latest opinions

Right of Light risks: a looming shadow over construction projects

Gone are the days when a Right of Light infringement could be swiftly dealt...

Could a move to ‘enhanced advice’ also mean mandatory protection conversations?

The FCA’s recent Mortgage Market Discussion Paper (DP25/2) has got the industry talking about...

Take off the rose-tinted glasses and stop chasing a rate cut

Every six weeks the financial world raises its eyebrows at the prospect of a...

Job cuts to inflation shock: preparing for a mortgage arrears crisis

The latest data on jobs paints a picture of a rapidly weakening labour market. The...

Other news

Rising cost of living could stall housing market activity

The rising cost of living remains the most pressing concern for Britons and could...

The Mortgage Works cuts switcher rates for existing landlords

The Mortgage Works has announced reductions of up to 0.25 percentage points on selected...

Homeowners stay put as remortgaging nears parity with home purchases

Britain’s homeowners are increasingly choosing to refinance rather than move, with remortgage activity now...