Roma has announced the launch of its new commercial mortgage products, now available to property investors and businesses across the UK. This move follows a significant partnership with J.P. Morgan, marking Roma’s continued expansion into long-term finance solutions.
What are the key features of Roma’s commercial mortgages?
The newly launched commercial mortgages provide funding of up to £2 million, catering specifically to property investors, trading businesses, and OpCo-PropCo structures. Borrowers can access loans with a loan-to-value (LTV) ratio of up to 70%, with fixed-rate options and longer-term funding solutions available. This flexibility is designed to meet the diverse needs of both investment and owner-occupied commercial property requirements.
Who can benefit from these commercial mortgages?
Property investors and business owners looking for funding solutions in England, Scotland, and Wales can benefit significantly from Roma’s new offerings. The competitive starting rate of 7.1% makes these mortgages an attractive option for those seeking to invest in commercial real estate or manage operational properties effectively.
What this means for property investors and brokers
This launch enhances the range of financing options available to property investors and brokers, allowing for a more tailored approach to securing commercial mortgages. With the ability to access these products alongside existing bridging and development finance solutions, brokers can provide a comprehensive service to their clients, facilitating smoother transactions in the commercial property market.
Frequently asked questions
What types of properties can be financed with Roma’s commercial mortgages?
Roma’s commercial mortgages can finance various property types, including investment properties and owner-occupied commercial spaces, underlining their versatility for different business needs.
How does the loan-to-value (LTV) ratio work?
The loan-to-value (LTV) ratio indicates the amount of the loan compared to the property’s value; with Roma’s offering, borrowers can secure up to 70% of the property’s value as a loan.