Roma Finance unveils below market value bridge and cuts rates

Published on

Roma Finance has launched a below market value bridging product and has reduced rates on the higher loan-to-values across its short term finance range.

The new below market value bridge is available for experienced property investors and landlords up to 70% loan-to-value with rates from 0.99%.

In addition, rates have been reduced across bridging and development, now with a standard bridging rate of 0.75% at 75% loan to value.

Steve Smith, sales director of Roma Finance, said: “We love to lend and are focused on supporting the market in these ever changing economic circumstances. We remain agile and believe these new products and rates changes will provide support to those who are looking to grow their portfolios and property investment opportunities.

“Our product guide is a ‘guide’ and the solutions we create are tailor made to suit circumstances, so it is always worth a conversation. These enhancements will allow more customers to access short term finance at this time to continue to push forward with their aspirations.”

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

Commonhold reform: Devil in the detail

The government's language on leasehold reform remains forthright. Ministers speak of, “bringing the feudal...

TMG reports record monthly MetLife submissions

TMG recorded its highest monthly submission volume with MetLife, exceeding its previous record by...

Leek raises earned income age limit to 75

Leek Building Society has introduced eight lending criteria changes covering income, contractors, later-life borrowing...

Coventry cuts residential and buy-to-let rates

Coventry for intermediaries has reduced selected residential and buy-to-let mortgage rates for new and...

Rely cuts buy-to-let rates by up to 25bps

Rely has reduced rates by up to 25 basis points across a range of...

Latest publication

Other news

Commonhold reform: Devil in the detail

The government's language on leasehold reform remains forthright. Ministers speak of, “bringing the feudal...

TMG reports record monthly MetLife submissions

TMG recorded its highest monthly submission volume with MetLife, exceeding its previous record by...

Leek raises earned income age limit to 75

Leek Building Society has introduced eight lending criteria changes covering income, contractors, later-life borrowing...