It also reduces rates across bridging and development
Lender 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%. The lender said the product has been designed to support partners and their customers during the uncertain economic climate.
In addition, Roma Finance has reduced rates across bridging and development, now with a standard bridging rate of 0.75% at 75% loan-to-value.
According to the lender, it is continuing to review, innovate, and respond to a market which is maintaining its positive vibe, as the volume of business submitted to it continues on an upwards trajectory.
“We love to lend and are focused on supporting the market in these ever-changing economic circumstances,” Steve Smith (pictured), sales director at Roma Finance said. “We remain agile and believe these new products and rate changes will provide support to those who are looking to grow their portfolios and property investment opportunities.
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“Our product guide is a ‘guide’ and the solutions we create are tailormade 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.”
