Nick Jones

Roma launches new ground-up development finance product



Roma Finance has launched a brand new ground-up development finance product, and a commercial bridging offering.

The new development finance product offers loans from £100,000 to £750,000 at 60% LTGDV.

Both ground-up and part-built sites will be considered. 

The commercial bridging range is offered on a wide range of property types at 60% LTV, with rates from 1.25%, with no exit fee.

Roma has also removed the requirement for additional security from its light, medium and heavy refurbishment range, so it can provider more borrowers with options for their property projects.

“The growth in business at Roma Finance has been staggering and we have scaled up to ensure our service levels are maintained in line with demand,” said Nick Jones, commercial director at Roma Finance (pictured above).

“We are delighted to be able to offer these new products which have been created in response to customer and intermediary feedback. 

“With strong and sustainable funding lines in place to help us keep pace with the growing demand for our products, now is the right time to launch these new products and widen the opportunity in the market.” 

Roma provides bridging and development finance for a variety of circumstances, such as buying at auction, conversions, refurbishments, HMOs and ground-up development. 

In addition, the specialist lender offers BTL and holiday let products.

 


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