Roma Finance has reported a record number of loans completed in August, with a 25% increase in volume and a double in value of completions compared with the same month last year.
This follows a 100% increase in pipeline cases following record months for new applications in June and July.
Last month’s record includes Roma Finance’s biggest ever loan, a developer exit for £2.85m on a block of luxury apartments in Stockport. The case, introduced by one of Roma Finance’s funding lines, was completed within 10 working days and ensured the customer avoided substantial extension fees which would have been imposed by the previous lender.
Roma Finance says it will also shortly be announcing a number of new appointments in its underwriting, finance and customer service teams to ensure service levels are maintained as the business continues to grow.
Nick Jones (pictured), commercial director at Roma Finance, said: “The specialist market and particularly the short and medium-term finance markets, are experiencing unprecedented levels of growth and the pace is continuing to increase.
“We are upscaling to meet demand and I am absolutely delighted with how the team has responded to the needs of our partners. The innovations made in recent months are just the start and there will be more exciting news to come.”