Roma increases max LTVs - Mortgage Strategy

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Roma Finance has increased its maximum loan-to-value on residential bridging from 65 per cent to 70 per cent.

The lender has also increased its LTV on semi-commercial cases from 60 per cent to 65 per cent.

The move follows the easing of lockdown restrictions which now allow physical property valuations to take place.

The maximum LTV on Roma Finance’s buy-to-let range will remain at 75 per cent.

The lender says it has taken a “significant number” of its sales team out of furlough.

Managing director Scott Marshall says: “We are delighted we are taking another  important step in this challenging time. 

“The pandemic has given businesses a new perspective on continuity and innovation. 

“Adaptation is essential and we will continue to be proactive and support brokers, customers and the overall industry.

“I am proud of our transparency and the way in which the Roma Finance team has supported all our stakeholders including customers, brokers, solicitors, monitoring surveyors and valuers throughout this challenging period.”


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