Renovating any property takes vision and nerve.
It demands big upfront investment before any return can be expected, so short-term finance is essential to get boots on-site, or keep them there. Yet traditional lenders are famously stuck in their “computer says no” mindset.
At Roma Finance we’re vastly experienced at providing bridging loans for every type of refurbishment. From light, mainly aesthetic refurbs to medium and heavy rebuilds, choose our can-do approach and fast, flexible process. It’s all about empowering your clients to get the work completed and the property sold.
- Light, medium and heavy refurbishment solution
- Rates from 0.85%
- LTV up to 70% on light and 65% on medium and heavy
- Loans from £75,000 to £3 million
- No exit fee
- Manual underwriting – every case considered individually
- Quick decisions and completions
- Talk directly to the underwriter for a quick decision
Got a question? We have answers.
A refurbishment loan is a type of bridging loan, a secured borrowing available for developers and landlords looking to improve a property before selling or renting out. The finance is essentially to cover the costs of property refurbishment.
The definitions for light medium and heavy refurbishment are different for each lender. The nature of the requirements will determine which option is most appropriate. At Roma, our guidelines are as follows:
- Light – Cost of Works are 20%-50% of Current Market Value
- Medium – Cost of Works are 50%-100% of Current Market Value
- Heavy – Cost of Works are over 100% of Current Market Value
Six steps from enquiry
Over many years of arranging bridging finance, the Roma team has refined the process to make it hassle-free and responsive. Above all to make it quick, because property deadlines are tight deadlines.
It takes lending less ordinary 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 meet the borrower, 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 which documents we need before we can underwrite your loan, also providing Open Banking instructions.
3. Valuation and borrower meeting
We’ll get a third party valuation arranged ASAP, and we never lend until we’ve met the borrower and understood the case.
4. Confirm terms
After we’ve met the borrower and underwritten the case, we will confirm the loan terms.
5. Instruct solicitors
Once terms are accepted, we will instruct our solicitor to send legal papers required for completion to your solicitor.
Funds are released and we might also release funds to your solicitor before the due diligence process has been completed.
Just a few of our recent successes
Need something different?
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.
Auctions demand decisive action, and we're ready to arrange short-term finance in advance. Your customers can bid with confidence anywhere in England, Scotland and Wales.
Refurbishment, part-built or newbuild, we have the funding available to get that residential project off the ground, with open-minded flexible decision making.
Lending less ordinary. Because every application is different.
At Roma Finance we understand that every property transaction is unique. That’s why we put flexibility 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: streamlined legal process for quick completions
- Flexible: lending for a wide range of property types
- Simple: we stick to our decisions
- Trusted: we value integrity, and partners 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