Roma Finance offers Bridge-to-Term solution for added security
Roma Finance, the bridging, buy-to-let and development finance lender, is offering a bridge-to-term product to allow borrowers peace of mind when securing a new investment.
Following the announcement last week that the specialist lender was relaunching back into the market with exciting AVM and desktop valuation products, the decision has been made to offer the bridge-to-term solution to give borrowers longer-term security for property investments.
The maximum LTV on the term product is 75%, there is no minimum income required and top slicing is considered. The term product is currently only available to those exiting a Roma Finance bridging or development solution.
Roma Finance made the decision to temporarily cease accepting new applications at the end of March 2020 in response to the COVID-19 pandemic and has used the time to innovate and explore new technologies. These new initiatives will allow the business to lend while respecting social distancing regulations which protect its customers, brokers, employees and other stakeholders.
Scott Marshall, Managing Director at Roma Finance, said: “The current market is in a constant state of evolution and we are striving to adapt quickly to support brokers and customers and the overall industry. The opportunity for customers to create wealth is still very much present and we have provided a solution to ensure they have security and therefore confidence in their plans.”