Roma Finance has reported its most successful half year results.
In the year to 30 June 2017, four of the six months were consecutive record months in terms of value and volume of loans written, with lending more than double compared to the first half of 2016.
In the first six months of this year, the Manchester based bridging finance and development lender issued nearly 1,000 Agreement in Principles valued at over £200m with conversions to funded transactions at their highest ever levels following the introduction of its new Fast Track process.
Roma has extended its product offering to acquire more business from a broader range of introducers and customers. Large gains have been seen in commercial to residential conversions with borrowers being more creative finding alternative uses for pubs and care homes.
Scott Marshall (pictured), managing director at Roma, said: “I’m delighted with the performance of the company so far in 2017. We have worked hard on our new Fast Track process which has seen us improve the time to pay out and build upon our excellent service levels, highlighted by a recent industry award for service excellence.
“Our underwriting team has been strengthened to cater for the increased demand and we remain pragmatic and timely with our lending decisions, which is well received by our loyal introducer base.
“Despite a number of new lenders coming into the short term lending space, our knowledge of the complexities of bridging cases and our ability to be pragmatic when challenged means we still remain a solid choice for those looking to acquire investment properties quickly, renovate them or change their use.
“We are also finding the number of introducers we’re working with on multiple projects increasing which is very satisfying in such a competitive market.”