Roma Finance unveils Dual Representation to speed up bridging & term loan cases
Roma Finance has introduced Dual Representation across its bridging and term loan ranges, which the lender says is aimed at reducing legal delays, cutting costs, and accelerating completions for both brokers and borrowers.
The new service is available for single-bullet bridging and term loans (FLOW and PRO products) up to £1 million. To deliver this offering, Roma is partnering with a panel of established legal firms including Insight Law, JQ Law, McHale & Co, and TLT LLP.
By allowing both the borrower and the lender to use the same solicitor, Dual Representation eliminates one of the common bottlenecks in the legal process, simplifying transactions and reducing turnaround times.
Alongside the launch of Dual Representation, Roma is also offering borrowers a new option for discounted Independent Legal Advice (ILA), providing a 10% saving on ILA services. A dedicated platform has been rolled out to streamline the booking process and support quick access to these services.
Michael Allison, commercial director at Roma Finance (pictured), commented:
“Introducing Dual Representation is a crucial step in our mission to simplify the borrower journey. We’ve listened to our broker partners and customers and put in place practical, meaningful improvements—backed by trusted legal partners and a commitment to delivering value at every stage.
“With the addition of discounted ILA support, our bridging and term legal processes are now faster, clearer and more cost-effective than ever, helping more deals complete smoothly.”
Breaking news
Direct to your inbox:
More
stories
you'll love:
This week's biggest stories:
FCA
FCA bans and fines financial adviser more than £740,000
In The Spotlight
'Turbulence in the mainstream market creates opportunities in the specialist space': Josh Knight, Glenhawk
Housing Market
Almost half of home sellers hit by broken property chains
Regulation
FCA bans and fines trio behind £35.5m investment scheme
This week's biggest stories:
FCA
FCA bans and fines financial adviser more than £740,000
In The Spotlight
'Turbulence in the mainstream market creates opportunities in the specialist space': Josh Knight, Glenhawk
Housing Market
Almost half of home sellers hit by broken property chains
Regulation
FCA bans and fines trio behind £35.5m investment scheme
CHL Mortgages
CHL enhances bridging range with AVMs and enhanced adverse credit criteria
Housing Market
July housing transactions dip 2% amid 'cautious market': HMRC