Roma Finance, the bridging finance, short term lending and buy-to-let finance specialist, has achieved a record month for lending, with a 50% increase during May in pipeline business. Last year, the lender reported a 100% increase.
A quarter of all new business is from existing borrowers and customer referrals. Roma Finance attributes the increase in both cases and enquiries to an escalating need for specialist finance and a desire to increase property portfolios.
Scott Marshall, Managing Director said: “I am delighted by these results showing the overall business growth and just how many people come back to us and recommend us to others. We are privileged to go on the property journey with our broker partners and customers, enabling them to achieve their goals. The more that return, the more we are certain that our unique proposition works. We have a number of exciting developments to follow this year and I am extremely excited to see what the future holds.”
Original article featured here…
Roma have just launched a new bridging product, Roma75, with an LTV of up to 75% and a rate of 0.75%.