Roma Finance has announced the appointment of Michael Allison as its new commercial director. Allison joined Roma head of transformational change in May 2021 from Together, where he worked for 13 of his 23 years in the finance industry. Roma said the appointment is a “pivotal moment” for the lender, with Allison to lead the pre-completion divisions of the journey for the business, building the strategy for sales, underwriting and completions.

United Trust Bank (UTB) has provided a £4.3m net facility to enable the owners of a trading commercial property in London to pursue a planning application with a potential £60m GDV. The structured property finance team at UTB was approached to provide a £4.3m net facility to refinance the borrower’s existing debt and release a further £1m of equity. Although the site was a trading commercial asset, UTB was happy to look at the planning angle and provide an 18-month facility with rolled interest so that it didn’t impact the cashflow of the underlying business. The intended exit is a sale to a forward funder and operator, most likely in the later living sector, once planning permission is obtained.

more2life has announced the return of its prime choice product range, following a six-month hiatus due to the market challenges that folowed the Government’s mini-Budget in September 2022. This offering joins the lender’s flexi, tailored, maxi and capital choice ranges which are designed to meet a range of different customer needs. The prime choice lump sum product range has been refreshed, with updated LTVs and interest rates. The revised LTVs range is one of the highest on the market from 17.80% on the younger end, up to 48.10% for those aged 84.

Premium Credit has announced that Jennie Hill has been appointed as its new chief commercial officer for specialist lending. She will take up the position full-time having covered the role in an interim capacity over the last five months. Hill has held several senior commercial roles in a range of sectors including financial services, insurance, automotive and health, with a variety of high-profile brands including Simplyhealth, Slater & Gordon, Legal & General and the AA.

Acre has unveiled its new best-in-class affordability and sourcing capabilities for its one-click mortgage intermediaries platform. The firm said the move will make the path to marrying mortgage product and case fit easier in order to help brokers secure the right outcomes for their clients, and prevent foreseeable harm. Acre’s investment in the development of its own sourcing engine can give brokers the ability to preview products with and without filters – from property and client to type of ownership – as well as have a single viewpoint to compare different scenarios, in addition to real-time lender affordability and up-to-the-minute product types.

Share Story: