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Roma Finance launches five-year fix

Roma Finance has announced the launch of a five-year fixed rate mortgage product aimed at property investors, according to the firm.

The offering is a 75 per cent LTV five-year fix at 4.24 per cent plus the Bank of England’s 0.75 per cent base. The deal has a maximum loan value of £500,000 and includes an interest-only repayment option.

Landlords can use the product to acquire a buy-to-let, HMO property or exit a bridging loan, the lender adds.

Furthermore, the property does not need to be fully let as the borrower’s other income will be taken into account.

Roma Finance managing director Scott Marshall says: “Extending the reach of this mortgage to more types of investment property for purchase, refinance or as an exit strategy for a bridging loan will provide landlords with another route to financing their income-generating property.

“This is yet another example of how Roma Finance continues to develop new products for the market, and we expect this mortgage to be popular with property professionals.”


Roma Finance appoints new board adviser

Roma Finance has appointed Colin Snowdon as its new board adviser. Snowdon is also currently managing director of Colin Snowdon Limited. Prior to his new appointment he worked at Pepper Money, Saffron Building Society, and Aldermore Bank in a variety of senior and board level roles. The responsibilities of the new position will see Snowdon […]


Roma Finance boosts sales and underwriting teams

Bridging and development lender Roma Finance has doubled its BDM and underwriting teams with a wave of new appointments. The lender says this is in response to a significant increase in lending levels this year. New appointments include Tom Hill, Sohail Akram and Will Sterio, who are all have the role of business development manager. […]

Auto-enrolment: tips for employers

The Pensions Regulator (TPR) has released advice on communications for employers, including three tips to help you with your auto-enrolment duties. 1. Allow enough time to select your pension schemeIt’s recommended that you start to prepare for auto-enrolment at least 12 months in advance of your staging date; additionally, give yourself time to choose the […]


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