Roma cuts three month bridge rate to 0.44%
Bridging lender Roma Finance has reduced the rate on its three month bridging product to 0.44% per month.
Facilities are available for up to 75% loan-to-value (LTV) on residential investment first charge bridging cases.
Scott Marshall (pictured), managing director of Roma Finance, said: “This new market-leading offer is ideal for introducers who are experiencing delays with other lenders and it will help them to move residential investment property projects to completion.
“Our new fast track lending process will also help introducers to complete more cases more quickly and is already proving to be a big success with over 70% of cases completing within just fifteen days.
“As we cater for most types of residential investments, our bridging loans can be used to acquire unmortgageable properties as well as to carry out renovations and change of use.
“We’ve not only launched what we believe to be the best rate in the market for this type of finance but also pay generous commissions.”