Roma Finance secures new £120m funding line

By Bridging Loan Directory 12th October 2023

Roma Finance has announced a brand new £120m lending facility with The Cambridge Building Society.

The new £120 million facility is for bridging loans, development finance and specialist buy-to-let mortgages, and is designed to support landlords who wish to expand their property portfolios.

Roma is well-known for its funding diversity and this new line provides further security and flexibility for its broker partners and borrowers, as Roma continues on its trajectory towards a £350m loan book.

This new line has led to the launch of a host of highly-competitive short-term lending products into the market this month, with buy-to-let products to follow.

Roma Finance and The Cambridge Building Society have been successfully collaborating since 2017.

Scott Marshall, founder and managing director of Roma said:

“The extension of our partnership with The Cambridge Building Society marks a very exciting time in our business and is a major step forwards in our vision.

Roma has an incredibly strong working relationship with all of its funding partners and The Cambridge Building Society is no exception.

We believe this to be the largest-ever funding agreement between a building society and a non-bank lender in the UK and we are already seeing firm demand for these new products.

I’m looking forward to supporting more great customers in building their property portfolios.”

Carole Charter, chief commercial officer at The Cambridge Building Society, said:

“We are delighted to have agreed this new facility with Roma.

They are focused entirely on the interests of their borrower and we have been highly impressed with their track record for repeat business and successful redemptions.

We are wholly aligned as organisations and I am very enthusiastic about the future of both our businesses and the partnership.”