Roma has introduced a new range of commercial mortgages, marking a significant expansion into long-term finance. This initiative follows a recent partnership with J.P. Morgan and aims to cater to property investors, trading businesses, and OpCo-PropCo structures across the UK.
What are the key features of Roma’s commercial mortgages?
The newly launched commercial mortgages provide funding of up to £2 million, with competitive rates starting from 7.1%. Borrowers can access up to 70% loan-to-value (LTV) ratios, making it an appealing option for those looking to finance both investment and owner-occupied commercial properties. The offering includes fixed-rate options and longer-term funding solutions, enhancing flexibility for various property needs.
Who can benefit from these commercial mortgages?
Property investors, trading businesses, and those operating under OpCo-PropCo structures will find these commercial mortgages particularly beneficial. This new product is designed to support a wide range of commercial property requirements across England, Scotland, and Wales, providing a viable financing option for those looking to expand or invest in commercial real estate.
What this means for property investors and brokers
This launch is significant for property investors and brokers, as it allows them to access commercial mortgages alongside Roma’s existing bridging and development finance products. With the ability to secure substantial funding at competitive rates, investors can more effectively pursue growth opportunities in the commercial property sector. Brokers can also expand their offerings to clients, enhancing their service portfolio.
Frequently asked questions
What types of properties can be financed with these mortgages?
Roma’s commercial mortgages can finance a variety of properties, including both investment and owner-occupied commercial buildings.
What is the maximum loan amount available?
The maximum loan amount available through Roma’s new commercial mortgage offering is £2 million.