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.”

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