Roma Finance launch special 0.75% bridging rate until Valentine’s Day
23 January 2017
Roma Finance, the bridging finance lender, has announced a special time-bound offer on residential investment first charge bridging of just 0.75% per month up to 75% LTV.
With a fund of £10m available introducers need to act quickly as the bridging finance on these terms will only be available where funds are allocated by 14th February.
Product details for the offer are as follows:
- 0.75% per month
- Up to 75% LTV (more with additional security)
- No exit fees
- First charges on residential properties
- Loans from £100k - £500k
- 6 month term with interest deducted
- No re-bridges
The offer will suit buy to let, HMO conversions, property renovations, auction purchases and unmortgageable residential investment properties.
Roma’s excellent service, common sense underwriting and pragmatic approach will, as always, be applied to loans qualifying for the offer and there is minimal packaging required from introducers to progress cases. Agreements in Principle can be issued within one working hour of enquiry and completion can happen within 48 hours of solicitors being instructed.
Scott Marshall, Managing Director, commented: “This can be a slow time of year for introducers and property developers and this special offer will allow many more residential investment property projects to be funded to completion. For those who are experiencing delays with other lenders this is also an ideal offer to move to the finishing line with stalled conversions and renovations.”
