Roma Finance,
the bridging finance, short term lending and buy-to-let finance specialist, has extended its bridging and development criteria, in order to support commercial and development offerings.
The LTV on semi-commercial bridging has been increased to 70% and to 65% for commercial. Second charge lending has now been made available to support purchases at up to 65% LTV of Open Market Value.
For land with planning purchases, the LTV is now at 55% and development works plus fees are eligible for up to 60% LTGDV.
Steve Smith, national sales manager at Roma Finance, said: “These criteria enhancements have been made to support the increasing commercial opportunities available and also the growing development market. We are continuing to see significant growth across the board in all areas and believe these new enhancements will further stimulate this.
“We are continuing to recruit across all business teams to ensure service levels are maintained with the goal of enhancing these too. We have some very exciting times ahead.”
Original article featured here…
Roma Finance recently launched two new ranges, RomaPrime and RomaPro.
source https://commercial-mortgages-broker.co.uk/bridging-finance-news/roma-raises-ltv-limits-in-criteria-changes/
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