Roma Finance has launched a new refurb BTL product, designed to support landlords and investors with light refurbishment projects.
The new product is available for projects with the long-term strategy of retaining and letting the property on a standard BTL basis, where refurbishment costs represent up to 25% of the day-one property value.
The product forms part of Roma’s PRO range and is delivered through the lender’s FLOW process.
Refurb BTL is available across England, Wales and Scotland, with all borrower entities considered.
By funding both the purchase and works under one facility, Roma said the product helps “reduce exposure to valuation risk and avoids the potential shortfall that can arise when refinancing onto a separate lender”.
Michael Allison, commercial director at Roma Finance (pictured above), commented: “We are seeing more landlords focus on adding value through refurbishment rather than pursuing large-scale development.
“The challenge has often been finding a funding structure that properly supports this type of strategy. Refurb BTL gives greater assurance from day one, aligning the finance with the customer’s long-term plans.
“For many property entrepreneurs, building a resilient and sustainable portfolio is the priority. By removing the need to refinance onto another product, landlords have a clearer view of their end position and reduced exposure to changing market conditions.”
