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Here you will find details of our latest service levels, along with answers to our most commonly asked questions.

Our latest service levels

  • Responding to enquiries received:

    Within 1 Hour

  • Working on applications received:

    Within 1 Hour

  • Responding to application messages:

    Within 24 Hours

  • Reviewing valuations received:

    Within 24 Hours

  • Answering calls in (average speed):

    Within 1 Minute

  • Frequently asked questions

    • These types of loans are also called bridge financing or a bridge loan. A bridging loan is short-term financing used until a person or company secures permanent financing or removes an existing obligation. Bridge loans are short term, typically up to one or two years. These types of loans are generally used in real estate

      Get in touch today for a friendly, no-obligation discussion.

      Call us on 0161 817 7480

      Email us at enquiries@romafinance.co.uk

    • Roma considers bridging finance from £75,00 up to £3 million although larger loans can be considered by referral.

       

      Get in touch today for a friendly, no-obligation discussion.

      Call us on 0161 817 7480

      Email us at enquiries@romafinance.co.uk

    • A bridging loan can be used for almost any purpose such as:

      • Purchases from auction – with fast completion in the required time frame
      • Planning gain / change of use – to maximise property value and income
      • Chain breaking mortgage – to enable a borrower to progress a purchase before completing a sale on their existing property
      • Releasing cash from probate on an inherited property – so that the property can be sold
      • Refurbishment finance – to maximise rental income
      • Purchase at undervalue – letting a borrower capitalise on a one-off opportunity

      Get in touch today for a friendly, no-obligation discussion.

      Call us on 0161 817 7480

      Email us at enquiries@romafinance.co.uk

    • In most circumstances an exit strategy will be required to ensure there is security on how the finance will be repaid. Exit routes are usually the sale of the property that the loan has been secured against or refinance via another form of finance.

      Get in touch today for a friendly, no-obligation discussion.

      Call us on 0161 817 7480

      Email us at enquiries@romafinance.co.uk

    • At Roma, all our loans are manually underwritten with a focus on the borrower instead of the property. There is a focus on the strength and capability of the borrower and their exit strategy In order to pay off the loan.

      Get in touch today for a friendly, no-obligation discussion.

      Call us on 0161 817 7480

      Email us at enquiries@romafinance.co.uk

    • 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.

      Get in touch today for a friendly, no-obligation discussion.

      Call us on 0161 817 7480

      Email us at enquiries@romafinance.co.uk

    • 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 10%-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

      Get in touch today for a friendly, no-obligation discussion.

      Call us on 0161 817 7480

      Email us at enquiries@romafinance.co.uk

    • 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.

      Get in touch today for a friendly, no-obligation discussion.

      Call us on 0161 817 7480

      Email us at enquiries@romafinance.co.uk

    • 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.

      Get in touch today for a friendly, no-obligation discussion.

      Call us on 0161 817 7480

      Email us at enquiries@romafinance.co.uk

    • Developer exit lending, commonly called a development exit loan is a short term finance option that enables a property developer to refinance, usually at a lower rate than their initial development finance facility. Development projects quality for developer exit funding when they are wind and watertight. This funding allows developers to release equity and also save on interest payments due to a lower rate.

      Get in touch today for a friendly, no-obligation discussion.

      Call us on 0161 817 7480

      Email us at enquiries@romafinance.co.uk

    • GDV stands for Gross development Value. It is an estimate of the open market value or rental value a property development is likely to have on completion. It is determined on the basis of current and recent similar transactions.

      Get in touch today for a friendly, no-obligation discussion.

      Call us on 0161 817 7480

      Email us at enquiries@romafinance.co.uk

    • Roma considers development finance up to £2 million although larger loans can be considered by referral.

      Get in touch today for a friendly, no-obligation discussion.

      Call us on 0161 817 7480

      Email us at enquiries@romafinance.co.uk

    • Commercial bridge loans (also known as commercial mortgage bridge loans) are short-term commercial real estate loans that are used for the purchase of commercial properties when permanent financing is not an option. Their primary use is when a property needs significant renovation before it will qualify for permanent financing.

      Get in touch today for a friendly, no-obligation discussion.

      Call us on 0161 817 7480

      Email us at enquiries@romafinance.co.uk

    • Commercial bridging, also known as a commercial bridge loan is lending on commercial property, such as offices, retail units or industrial premises. It can also be used by those who want to purchase or refinance larger or more complex residential properties.

      Get in touch today for a friendly, no-obligation discussion.

      Call us on 0161 817 7480

      Email us at enquiries@romafinance.co.uk

    • Currently, all commercial bridging finance is non-regulated, meaning the FCA extends no protection or supervision to this area of the industry. If you’re securing a loan for an investment property, a commercial building, or for a buy-to-let it will not be regulated.

      Get in touch today for a friendly, no-obligation discussion.

      Call us on 0161 817 7480

      Email us at enquiries@romafinance.co.uk

    • A buy-to-let mortgage is a finance option for people to buy property as an investment, rather than as their residential home. Usually, a buy-to-let mortgage requires a larger deposit and will incur a higher rate of interest. This is because lenders often seek extra security, considering that there could be periods with no tenant while renting out a property, or the tenant may fail to keep up with their payments.

      Get in touch today for a friendly, no-obligation discussion.

      Call us on 0161 817 7480

      Email us at enquiries@romafinance.co.uk

    • LTV stands for loan to value and is a measure of the balance between the amount of the mortgage and the property value.

      Get in touch today for a friendly, no-obligation discussion.

      Call us on 0161 817 7480

      Email us at enquiries@romafinance.co.uk

    • Top-slicing is where a borrower’s personal income is used to top up any shortfall in rent which is needed for the borrower to obtain the finance they require.

      Get in touch today for a friendly, no-obligation discussion.

      Call us on 0161 817 7480

      Email us at enquiries@romafinance.co.uk

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