Bridging lender Roma Finance has launched a first charge rate of 0.75% per month to 75% loan-to-value until Valentine’s Day (14 February).
The product offers loans between £100,000 and £500,000 on a six month term with no exit fees.
Scott Marshall, managing director, said: “This can be a slow time of year for introducers and property developers and this special offer will allow many more residential investment property projects to be funded to completion.
“For those who are experiencing delays with other lenders this is also an ideal offer to move to the finishing line with stalled conversions and renovations.”
The offer will suit buy-to-let, HMO conversions, property renovations, auction purchases and unmortgageable residential investment properties.