First 4 Bridging collaborates with Roma Finance for a semi-exclusive loan
The specialized brokerage First 4 Bridging (F4B) has joined forces with Roma Finance to offer a semi-exclusive bridging loan to its providers and intermediary partners.
The product is available for residential and refinance purposes. It is offered up to 75% loan to value (LTV) and rates begin from 0.65% per month. It has a reduced arrangement fee of 1.85 percent.
The loan has a maximum duration of 24 months and is available for make the bridge loans between £400,000 and £3 million.
Individuals, LLCs, Special Purchase Vehicles and LLC borrowers will be eligible for the product. It will only be available through a select group of distribution partners.
Donna Wells (photo)director of F4B said: “This product is a great addition to Roma’s loan proposal and, as one of the few conditioners who have access to it, we expect it to be a popular option for new and existing introducers and intermediaries. the partners.”
Nick Jones, vscommercial DDirector at Roma Finance, added, “We are always looking for new ways to ensure borrowers have options to best fit solutions while supporting partners at the same time.
“We use inclusion as a value for our business and as we see the need for transition continue to grow, we identify areas where we can create extraordinary options.”
Jones said working with F4B was a “natural fit” for the product and added: “JTheir ability to identify the right product for the right customer is exceptional and we are delighted to have their experience and support on this distribution.”.
Shekina is the business writer for Mortgage Solutions. She has over four years of experience in the B2B publishing market, with previous industries including accounting, pets, funerals, hospitality, retail and jewelry. She currently reports mortgage market news and liaises with financial clients to produce sponsored content. Follow her on Twitter at @ShekinaMS