Roma Finance has announced the launch of new bridging and development ranges with improved rates and enhanced criteria.

The lender’s ‘RomaPrime range’ is a new bridging finance range with rates from 0.60%, and has been designed for borrowers with a prime profile and properties of standard residential construction. This range applies to standard bridging, auction finance and light refurbishment covering a wide range of property projects.

Roma has also launched a development range, ‘RomaPro’, which is also designed for borrowers with a prime profile who are looking to complete larger development projects up to £5m.

The existing bridging and development ranges remain in place for more complex circumstances, Roma confirmed.

“With strong and sustainable funding lines in place to help us keep pace with growing demand, now is the right time to launch these new products,” Roma national sales manager, Steve Smith, said.

“To cope with higher business levels we are continuing to expand the Roma team and we are seeing incredible growth in our lending for property acquisition, refurbishment and development. The new products and lower rates will further stimulate our business in a focused and strategic way and we will continue to deliver excellent service to our intermediaries and customers.”

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