Roma Finance has announced a new £120m lending facility with the Cambridge Building Society.
The new facility is for bridging loans, development finance and specialist buy-to-let (BTL) mortgages and has been designed to support landlords who wish to expand their property portfolios.
Roma Finance said its new funding line provides “further security and flexibility” for its broker partners and borrowers, as it continues on a trajectory towards a £350m loan book.
The new line has led to the launch several short-term lending products into the market this month, with BTL products to follow, the firm indicated.
Roma Finance and the Cambridge Building Society have successfully worked together since 2017.
Founder and managing director of Roma Finance, Scott Marshall, said: “The extension of our partnership with the Cambridge Building Society marks a very exciting time in our business and is a major step forwards in our vision.
“Roma Finance has an incredibly strong working relationship with all of its funding partners and the Cambridge Building Society is no exception. We believe this to be the largest-ever funding agreement between a building society and a non-bank lender in the UK and we are already seeing firm demand for these new products.
“I’m looking forward to supporting more great customers in building their property portfolios.”
Chief commercial officer at Cambridge Building Society, Carole Charter, added: “We are delighted to have agreed this new facility with Roma Finance. It is focused entirely on the interests of their borrower and we have been highly impressed with their track record for repeat business and successful redemptions. We are wholly aligned as organisations and I am very enthusiastic about the future of both our businesses and the partnership.”
Latest News
-
House prices fall 0.3% month-on-month in September – Halifax
-
FTB mortgage applications rise 9.3% in Q3
-
Regulators urged to improve policy communications to advice sector
-
One in five people giving away money to beat IHT, study finds
-
The Mortgage Mum and LIBF launch new scholarship scheme
-
Retail investors withdraw £1.8bn from funds in August
NEW BUILD IN FOCUS - NEW EPISODE OF THE MORTGAGE INSIDER PODCAST, OUT NOW
Figures from the National House-Building Council saw Q1 2025 register a 36% increase in new homes built across the UK compared with the same period last year, representing a striking development for the first-time buyer market. But with the higher cost of building, ongoing planning challenges and new and changing regulations, how sustainable is this growth? And what does it mean for brokers?
The role of the bridging market and technology usage in the industry
Content editor, Dan McGrath, sat down with chief operating officer at Black & White Bridging, Damien Druce, and head of development finance at Empire Global Finance, Pete Williams, to explore the role of the bridging sector, the role of AI across the industry and how the property market has fared in the Labour Government’s first year in office.
Does the North-South divide still exist in the UK housing market?
What do the most expensive parts of the country reveal about shifting demand? And why is the Manchester housing market now outperforming many southern counterparts?
In this episode of the Barclays Mortgage Insider Podcast, host Phil Spencer is joined by Lucian Cook, Head of Research at Savills, and Ross Jones, founder of Home Financial and Evolve Commercial Finance, to explore how regional trends are redefining the UK housing, mortgage and buy-to-let markets.
In this episode of the Barclays Mortgage Insider Podcast, host Phil Spencer is joined by Lucian Cook, Head of Research at Savills, and Ross Jones, founder of Home Financial and Evolve Commercial Finance, to explore how regional trends are redefining the UK housing, mortgage and buy-to-let markets.
The new episode of The Mortgage Insider podcast, out now
Regional housing markets now matter more than ever. While London and the Southeast still tend to dominate the headlines from a house price and affordability perspective, much of the growth in rental yields and buyer demand is coming from other parts of the UK.
In this episode of the Barclays Mortgage Insider Podcast, host Phil Spencer is joined by Lucian Cook, Head of Research at Savills, and Ross Jones, founder of Home Financial and Evolve Commercial Finance.
In this episode of the Barclays Mortgage Insider Podcast, host Phil Spencer is joined by Lucian Cook, Head of Research at Savills, and Ross Jones, founder of Home Financial and Evolve Commercial Finance.
© 2019 Perspective Publishing Privacy & Cookies
Recent Stories