Roma said the new product is being launched following growing demand from landlords for refurb-to-let.

The lender said that, across England, Wales and Scotland, there are many opportunities for properties that need modest refurbishment before letting.

Traditionally, these projects have required a two-stage funding approach, with investors using a bridging loan to acquire and refurbish, followed by a separate refinance onto a buy-to-let mortgage.

Refurb buy-to-let combines both stages into one, aiming to cut complexity and cost.

Refurb buy-to-let is aimed at projects where refurbishment costs represent up to 25% of the day one property value.

By funding both the purchase and works under one facility, the product helps reduce exposure to valuation risk and avoids the shortfall that can arise when refinancing onto a separate lender.

Roma Finance commercial director Michael Allison said: “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 Buy-to-Let gives greater assurance from day one, aligning the finance with the customer’s long-term plans.”

The product forms part of Roma Finance’s PRO range. Loan sizes range from £75,000 to £500,000, with a minimum property value of £100,000 and terms of 36 months.

Refurb buy-to-let is available across England, Wales and Scotland.

Yesterday Hope Capital Property Finance launched Dual+, a residential bridging product designed for funding cosmetic light refurbishment.