Roma Finance has increased its loan to value (LTV) to 70% on residential bridging finance and 65% on semi-commercial.
This is a 5% increase on previous products and follows the news that physical valuations can now take place again.
The bridging, buy-to-let and development finance lender relaunched back into the market with AVM and desktop valuation products which will remain available. Physical inspections have now also become possible and improvements to the product range are a natural progression.
The maximum LTV on Roma Finance’s buy-to-let range will remain at 75%.
Scott Marshall (pictured), managing director at Roma Finance, said: “We are delighted we are taking another important step in this challenging time. The pandemic has given businesses a new perspective on continuity and innovation. Adaptation is essential and we will continue to be proactive and support brokers, customers and the overall industry.
“I am proud of our transparency and the way in which the Roma Finance team has supported all our stakeholders including customers, brokers, solicitors, monitoring surveyors and valuers throughout this challenging period. Furthermore, I am delighted with our agility in the steps we have taken to date as we continue to remain at the forefront of the market.”