Hands up if you're ready for a faster, more flexible approach to auction finance.
At Roma we understand that the property auction route is all about getting a good deal and completing it quickly. The rewards can be high, but so is the risk. Making it work demands decisive bidding and fast-moving lending. It’s your customers under the hammer if they can’t bid confidently, and meet those short payment deadlines.
All our auction purchase cases go through our RomaFLOW, our fast bridging channel to allow them to complete in 28 days. We can provide an AIP in advance of an auction so your customer has certainty and a ceiling price giving them the chance to bid confidently.
We can consider a variety of property types, constructions, credit profiles, income and offer both first and second charge bridging loans, making us a team who love to lend.
- Rates from 0.90%
- LTV up to 75%
- Loans from £75,000 to £3 million
- No exit fees
- Intelligent touch underwriting for quick decisions and completions
- We lend across England, Scotland and Wales
Got a question?
Auction finance is simply another term for bridging or short term finance. It is used to purchase properties at auction because it can be arranged extremely quickly and fits neatly into the purchasing timescales of the auction houses. Usually properties at auction are required to complete with 28 days.
Typically any kind of residential, semi commercial or commercial property can be bought at auction. The properties do not necessarily need to be habitable to be eligible for auction finance.
Six steps from enquiry
Over many years of arranging bridging finance, the Roma team is continually refining the process to make it hassle-free and responsive. Above all to make it quick and slick, because property deadlines are tight deadlines.
It takes a team who love to lend to fast-track cases, twin-track the legals and the underwriting… do whatever it takes to drive the sale forward.
Yet no matter how rapidly we’re working, we always take the trouble to understand what makes each case different, and keep everyone informed at every stage.
Need to complete within 48 hours? We can run stages 2 – 5 simultaneously, and may even release funds to our solicitor before the due diligence process has been completed.
1. Initial enquiry
Call us on 0161 817 7480, email or complete the enquiry form and your loan is on its way.
2. Agreement in principle
The AIP accelerates the process by telling you exactly what we need before we can underwrite your loan, also providing Open Banking instructions.
3. Valuation instruction
We’ll get a third party valuation arranged ASAP, and get to the underwrite so we can confirm the terms in writing as quickly as possible.
4. Instruct solicitors
As soon as the terms have been accepted, we instruct our solicitor to send the legal papers to yours. This is even quicker when the case benefits from dual legal representation.
Funds are released, so nothing delays the deal.
6. Loan service
Your customer service representative will be in touch to explain what happens next and how to manage the loan through to redemption.
Just a few of our recent successes
Need something different?
View our full criteria guide to see if we can assist you with your upcoming bridging and development cases.
Bridging loans for standard residential properties. From £75,000 to £3 million with competitive rates and rapid, comprehensive response. Available across England, Scotland and Wales.
Commercial, semi-commercial and mixed use developments and projects. We get building started, bridge funding gaps, fix broken chains and keep deals moving.
Light, medium or heavy, refurbishment projects with financial solutions tailored for each application. Speed is often essential and our track record proves we deliver.
Refurbishment, part-built or newbuild, we have the funding available to get that residential project off the ground, with open-minded flexible decision making.
For the ‘Borrower First’ experience. Because every application is different.
At Roma Finance we understand that every property transaction is unique. That’s why we put flexibility and service at the forefront of everything we do. Tell us what kind of finance you need and we’ll find a way to make it happen.
- Fast: most bridging cases completed within 28 days
- Flexible: lending for every property type
- Simple: we have reinvented and streamlined the legal and underwriting process
- Trusted: we value integrity, and customers keep coming back
Our intermediary team
is ready when you are
Simply select your region and you’ll meet the vastly experienced experts whose job it is to make your job easier.
- North of England & Scotland
- North West & North Wales
- South West & South Wales
- South East