Roma Finance cuts bridging rate to 0.44%
Roma Finance has reduced the rate on its three month bridging product to just 0.44% per month.
"Our bridging loans can be used to acquire un-mortgageable properties as well as to carry out renovations and change of use."
Facilities are available for up to 75% LTV on residential investment first charge bridging cases.
Roma’s new Fast Track service sees most cases completing within 15 days, compared to the current industry average of forty three days.
Scott Marshall, Managing Director, commented: “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 un-mortgageable 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.”
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