Roma Finance increases LTV to 75% and streamlines valuations
Roma Finance has increased its loan-to-value (LTV) and will now consider applications up to 75% on residential bridging finance.
This is a 5% increase on previous products, and marks a return to pre-COVID levels.
In addition, Roma Finance has streamlined processes and is working with selected packagers to allow them to instruct their own valuations, where previously this process was solely completed by Roma Finance.
The lender is continuing to review, innovate and respond to a market which is maintaining its distinctly positive vibe, as the volume of business submitted remains on an upwards trajectory.
Nick Jones (pictured), commercial director of Roma Finance, said: “We are an incredibly intermediary focused business and I am proud of our culture and the way in which the Roma Finance team has supported all our stakeholders including customers, intermediaries, solicitors, surveyors and valuers throughout 2020.
“In 2021, it is essential we continue to make advances with products, processes and technology to maintain the speed intermediaries and customers need for their property investments.
“These enhancements will allow more customers to access short term finance and enable even faster case processing and completions.”