RomaPrime is the new bridging range for borrowers who have a prime profile and properties of standard residential construction. It has rates starting from 0.60% and applies to standard bridging, light refurbishment and auction finance over a wide range of property projects.
RomePro is the new development offering which is also aimed at borrowers with a prime profile, who are wishing to complete bigger development projects of up to £5 million.
For more complex cases, the existing bridging and development ranges are still available and the lender retains a flexible attitude, in order to provide intermediaries with solutions to fit the individual needs of each client.
Steve Smith, national sales manager at Roma Finance, said: “With strong and sustainable funding lines in place to help us keep pace with growing demand, now is the right time to launch these new products.
“To cope with higher business levels we are continuing to expand the Roma team and we are seeing incredible growth in our lending for property acquisition, refurbishment and development.
“The new products and lower rates will further stimulate our business in a focused and strategic way and we will continue to deliver excellent service to our intermediaries and customers.”
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Last month, Roma Finance appointed Mark Foley as Senior Business Development Manager for the Midlands.