Roma Finance has announced a special time-bound offer on residential investment first charge bridging of 0.75% per month up to 75% LTV.
The bridging lender has a fund of £10m available to introducers. Finance on these terms will only be available where funds are allocated by 14 February.
Product details for the offer are as follows:
- 0.75% per month
- Up to 75% LTV (more with additional security)
- No exit fees
- First charges on residential properties
- Loans from £100,000-£500,000
- Six-month term with interest deducted
- No re-bridges
Roma says the offer will suit buy-to-let, HMO conversions, property renovations, auction purchases and unmortgageable residential investment properties.
Agreements in Principle can be issued within one working hour of enquiry and completion can happen within 48 hours of solicitors being instructed.
Scott Marshall (pictured), managing director of Roma Finance, said: “This can be a slow time of year for introducers and property developers and this special offer will allow many more residential investment property projects to be funded to completion.
“For those who are experiencing delays with other lenders this is also an ideal offer to move to the finishing line with stalled conversions and renovations.”