Roma unveils new fixed-rate products

Roma Finance has expanded its long-term BTL range with the addition of new fixed rate options.

The lender’s range now offers two- and five-year fixed-rate products, with terms of up to 25 years and lending up to 75% LTV.

Loans are available from £75,000 to £2m, with total individual exposure of up to £3m.

Rates on the standard BTL range start from 5.89% for two-year fixed products and 6.59% for five-year fixed products, both with a 5% product fee.

Lower-fee alternatives are also available, including selected products with a 0% product fee.

For specialist properties, including HMOs and MUFBs, rates start from 6.69% for two-year fixes and 6.79% for five-year fixes, with product fees of 3% or 5%.

“We see long-term lending as an important part of Roma’s future growth,” said Michael Allison, commercial director at Roma Finance (pictured above).

“Adding two-year fixed-rate options to our existing five-year BTL variable offering is another step in that development.

“Alongside our commercial and semi-commercial mortgages, it strengthens the long-term side of our business and gives us a broader platform to build on.”