Roma Finance has today launched RomaPRO, its new BTL funding solution.
The product is designed to meet what the firm said was a growing demand for end-to-end property financing.
The product is available exclusively for SPVs, and offers loans from £75,000 to £2m, with the aim of enabling property investors to transition from purchase and construction to long-term BTL funding.
The new range can be used both in conjunction with Roma’s bridging and development lending and as a standalone BTL solution.
Key features of RomaPRO include end-to-end lending, allowing transition from purchase and build to the exit with the lender’s linked financing options, while the product is also available as a refinance or purchase option without the need for bridging.
Other features include variable BTL rates, tied to BoE base rates, while also available with top slicing and for standard residential and specialist property types including multi-unit blocks, HMOs and holiday lets.
The launch of RomaPRO is part of a wider strategic reorganisation of Roma’s product offering, which has been streamlined into three clear product ranges: FLOW the firm’s bridging product, GROW its development option, and its new BTL product, PRO.
Commenting on the new product, Michael Allison, commercial director at Roma Finance (pictured above), commented, “The launch of Roma FLOW | GROW | PRO is a significant milestone for us.
“It’s a game-changing product set that makes end-to-end lending on property investment projects more accessible and achievable for investors.
“Alongside RomaFLOW and RomaGROW, RomaPRO completes a suite of funding solutions designed to support every stage of the property investment journey.”
