Roma Finance unveils 0.75% bridging rate

Published on

Roma Finance has introduced a new ‘special spring’ rate of 0.75% per month and up to 75% LTV on residential investment first charge bridging cases that complete by 31 May.

£15m is available for introducers, who also get a commission of 1.5%.

Loans are available from £100,000 to £500,000 and there are no exit fees.

The bridging finance lender believes the offer will suit introducers who have customers looking to acquire buy to let property, complete HMO conversions, undertake property renovations, buy investment property at auction or are looking to purchase unmortgageable residential investment properties.

Scott Marshall (pictured), Roma Finance’s managing director, said: “This is a great offer for introducers who are experiencing delays with other lenders and it will help them to move residential investment property projects to completion. As we cater for most types of residential investments our bridging loans can be used to acquire unmortgageable property as well as to carry out renovations and change of use.

“We’ve not only reduced the rate for a limited time but are offering a fair commission of 1.5% as we look to build long term relationships with even more introducers looking to assist their customers.”

Latest POLL

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

Crystal Specialist Finance appoints group strategy director

Crystal Specialist Finance has appointed Gareth Shilton as group strategy director. Shilton (pictured), who brings...

Hanley Economic unveils 100% Rent to Own mortgage

Hanley Economic Building Society has launched a new 100% loan-to-value mortgage aimed at first-time...

Inspired Lending backs complex South Yorkshire refurb with £1.1m bridging facility

Inspired Lending has completed a £1.1 million bridging loan to fund the acquisition and...

Atom bank sees record Near Prime mortgage activity

Atom bank has reported record levels of Near Prime mortgage business, setting new monthly...

Other news

Crystal Specialist Finance appoints group strategy director

Crystal Specialist Finance has appointed Gareth Shilton as group strategy director. Shilton (pictured), who brings...

Hanley Economic unveils 100% Rent to Own mortgage

Hanley Economic Building Society has launched a new 100% loan-to-value mortgage aimed at first-time...

Inspired Lending backs complex South Yorkshire refurb with £1.1m bridging facility

Inspired Lending has completed a £1.1 million bridging loan to fund the acquisition and...
Advertisement