Roma Finance ups lending by 300%

Roma Finance increased its lending volumes by 300% year-on-year to the first quarter of 2016.

The bridging lender, which was established in 2008, said it wanted to triple its lending this year.

Scott Marshall, a director at Roma Finance, said: “We have been fortunate that the market has worked in our favour with the tax changes to buy to let properties, although encouragingly over the past couple of weeks we have also seen a good level of enquiries for completions during April which is not what we were expecting.

“Properties such as HMOs and un-mortgageable properties remain popular and our pragmatic approach to underwriting has struck a chord with introducers and their clients, helping our drive for growth.”

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Ryan Fowler is the editor of Specialist Finance Introducer