Roma launches buy-to-let and revolving credit facility in Scotland

Roma Finance has launched its buy-to-let product in Scotland, extending its proposition beyond England and Wales.

The specialist lender, which already provides bridging and development finance in Scotland, will now offer buy-to-let funding to its landlords and property investors for the first time. 

The Scottish buy-to-let product will be available up to a maximum loan size of £750,000, with lending of up to 75% LTV. It supports a wide range of property types, including standard buy-to-let, portfolios, houses in multiple occupation (HMOs), and multi-unit freehold blocks (MUFBs).

The product also includes top slicing, allowing an applicant’s personal income to be used to support affordability where rental income alone does not meet stress testing requirements.

In addition to the buy-to-let launch, Roma is also introducing its revolving credit facility (RCF) in Scotland, with loans of up to £750,000. The RCF, which launched in England and Wales in April last year, offers approved borrowers access to a pre-agreed credit limit for onward property purchases, which they can draw down, repay, and reuse as needed. 

Sonia Mann, head of sales at Roma Finance, said: “Scotland has always been an important market for us, so it makes sense to expand our buy-to-let offering here. We already work closely with brokers and developers, and this launch means we can do more to support landlords and investors.

“By lending up to 75% LTV across different property types, and offering top slicing where it helps, we give brokers the ability to keep deals moving in a tricky market. It’s about practical, flexible lending from people who know the local market.”