"We remain agile and believe these new products and rate changes will provide support to those who are looking to maximise property investment opportunities."
Roma Finance has launched a RomaFLOW bridging product range with desktop valuations.
The new RomaFLOW range has been introduced in relation to the process of the same name, which speeds up the bridging application to completion process. The streamlined processing channel has fewer stages, reduced documentation and enhanced technology to help move cases smoothly to offer and completion.
The range has three new product focuses; FLOWbridge, focused on residential bridging and auction finance, FLOWrefurb, with refurbishment costs up to 25% of the initial market value of the security, as well as light development, where the refurbishment costs are between 25 – 50% of the initial market value of the security.
Desktop valuations are also now available up to 70% LTV. All products are available to the whole of the market, with 20 broker partners having access to an exclusive range with pricing at 9.9% per annum, where the exit strategy is refinance.
Michael Allison, commercial director of Roma Finance, said: “We are focused on more than just lending and are dedicated to supporting the market in these ever changing economic circumstances. We remain agile and believe these new products and rate changes will provide support to those who are looking to maximise property investment opportunities. RomaFLOW has been highly successful with its intelligent touch underwriting and fast completion times with outstanding feedback. This is the next progressive step on the journey for Roma.”
