Roma Finance has launched a buy-to-let loan aimed at investors moving from construction to longer term funding.
The move comes amid a product revamp from the specialist lender.
The firm’s RomaPro, offers loans from £75,000 to £2m at up to 75% loan to value, for investors who want to transition from purchase and build to long-term BTL funding. Rates begin at a variable 2.25% plus base rate.
Its new range, only available exclusively to SPVs, can be used both in conjunction with the firm’s bridging and development lending and as standalone landlord products.
The product is suitable for standard residential, multi-unit blocks, houses in multiple occupation, holiday lets and serviced accommodation.
The firm adds that the loan is available as a refinance or purchase option without the need for bridging and also includes top slicing.
The move comes as part of a wider reorganisation of the lender’s product offering, which has been streamlined into three product ranges: Flow, Grow and Pro.
Its Flow range offers bridging products, Grow sells development finance options, while Pro offers combined development and long-term landlord financing.
Roma Finance commercial director Michael Allison says: “Flow, Grow and Pro are the foundation of our vision for the future, and we’re excited to introduce even more innovative solutions as the year unfolds.”