Roma Finance increases LTV to 75% and streamlines valuation process
Roma Finance, the bridging, buy-to-let and development finance lender, has increased its loan to value and will now consider applications up to 75% on residential bridging finance; a 5% increase on previous products and back to pre-Covid levels.
In addition, Roma Finance has streamlined processes further and is working with selected packagers to allow them to instruct their own valuations.
Previously this process has been solely completed by Roma Finance. This will allow completions to take place at increased speed and give packagers more control.
Roma Finance is continuing to review, innovate and respond to a market which is maintaining its distinctly positive vibe, as the volume of business submitted to Roma Finance remains on an upwards trajectory.
Nick Jones, pictured, commercial director of Roma Finance said:
“We are an incredibly intermediary focused business and I am proud of our culture and the way in which the Roma Finance team has supported all our stakeholders including customers, intermediaries, solicitors, surveyors and valuers throughout 2020.
In 2021, it is essential we continue to make advances with products, processes and technology to maintain the speed intermediaries and customers need for their property investments.
These enhancements will allow more customers to access short term finance and enable even faster case processing and completions.”