Roma Finance has launched a new bridging product, called Roma75, with a loan to value of up to 75% and a rate of 0.75%.

The specialist lender says the product offers loans between £100,000 and £3m, to borrowers with at least two other buy-to-let properties in the background or homeowners with at least one other investment property.

The firm provides bridging and development finance across a variety of options, such auctions, conversion, renovations, refurbishments, developer exits and ground up developments.

It also offers a bridge-to-term option where customers can exit onto a Roma BTL, house in multiple occupation, holiday let or serviced accommodation product.

Roma Finance national sales manager Steve Smith says: “With robust and sustainable funding lines in place and the increasing demand for our products, now is the right time to launch this enhanced solution.

“To cope with higher demand we are continuing to expand and develop the team and we are seeing incredible growth across all our lending areas.”

In April, Roma Finance and First 4 Bridging teamed up to launch a new semi-exclusive bridging product.

It is available at up to 75% LTV and charges 0.65% for up to 24 months. It also charges an arrangement fee of 1.85%. The product can be used for loans from £400,000 to £3m.

While in February, Roma rebranded and refreshed the criteria for a number of its products, including its development finance business which began to offer loans of up to £2m.