Roma Finance has increased its loan to value (LTV) and will now consider applications up to 75% on residential bridging finance; a five percentage point increase on previous products and back to pre-Covid levels.
In addition, Roma Finance has streamlined processes further and is working with selected packagers to allow them to instruct their own valuations. Previously this process has been solely completed by Roma Finance.
Nick Jones (pictured), commercial director of Roma Finance, said: “We are an incredibly intermediary focused business and I am proud of our culture and the way in which the Roma Finance team has supported all our stakeholders including customers, intermediaries, solicitors, surveyors and valuers throughout 2020.
“In 2021, it is essential we continue to make advances with products, processes and technology to maintain the speed intermediaries and customers need for their property investments.
“These enhancements will allow more customers to access short term finance and enable even faster case processing and completions.”