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.”

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

Keystone names Steve Griffiths as commercial director

Keystone Property Finance has appointed Steve Griffiths as commercial director, adding a senior industry...

Glenhawk boosts northern broker coverage with new hire

Glenhawk has appointed Ryan Brewer as business development manager for the North West, North...

Bower deepens use of Advise Wise platform to support later life advice

Bower Home Finance has reaffirmed its commitment to technology-led advice by continuing to integrate...

Sort Group launches podcast on conveyancing reform

Sort Group is launching a podcast series focused on the pressures facing conveyancing and...

The Melton adds to broker team with new hire and internal promotion

Melton Building Society has expanded its broker sales team with the appointment of Heidi...

Latest publication

Other news

Keystone names Steve Griffiths as commercial director

Keystone Property Finance has appointed Steve Griffiths as commercial director, adding a senior industry...

Glenhawk boosts northern broker coverage with new hire

Glenhawk has appointed Ryan Brewer as business development manager for the North West, North...

Bower deepens use of Advise Wise platform to support later life advice

Bower Home Finance has reaffirmed its commitment to technology-led advice by continuing to integrate...