Roma Finance reports record month in October
Roma Finance, achieved its record month, not only for new business but also redemptions in October during arguably, the most challenging economic time since the credit crunch.
Year on year, the Roma loan book has increased by 88%. In addition, successful redemptions have continued to climb with a 100% year on year increase.
Roma has experienced multiple record-breaking periods of enquiries and completions over the last 14 months, and a review of cases in underwriting show this to be continuing.
Roma has its highest ever pipeline in both volume and value with demand for its RomaFLOW products, the fast completions channel, being its most popular range.
In a time of change and challenge, the processes Roma has put in place to support its partners and borrowers are proving highly successful.
Property investors have continued to achieve their goals, as they did during the pandemic.
Roma believes the surge in enquiries and cases demonstrates the growing requirement for short term finance and the drive of landlords, developers and property investors to continue their own growth aspirations.
The lender is focused on delivering a quality service its partners and borrowers, providing clarity and certainty in uncertain times with unrestricted access to decision makers, competitive products and a personalised service.
Scott Marshall, Managing Director said:
“These results are fantastic, demonstrating the quality of our originations team, our strength and depth in underwriting, incredible support from our funding lines and the extraordinary way we work with borrowers to achieve positive outcomes, particularly during challenging times.
The amount of repeat business, recommendations and referrals we receive are testament to this.
The more customers that return, the more certain we are that our unique proposition works.
But we are not stopping here and the next 18 months promises to be even more exciting, with new products ready for launch in Q1 2023.”