Specialist lender Roma Finance broke its record for new business and redemptions in October during arguably, the most challenging economic time since the credit crunch.
Year-on-year, the Roma loan book has increased by 88%. In addition, successful redemptions have continued to climb with a 100% year-on-year increase.
Roma has experienced multiple record-breaking periods of enquiries and completions over the past 14 months, and a review of cases in underwriting show this to be continuing.
Roma has its highest ever pipeline in both volume and value with demand for its RomaFLOW products, the fast completions channel, being its most popular range.
Roma believes the surge in enquiries and cases demonstrates the growing requirement for short-term finance and the drive of landlords, developers and property investors to continue their own growth aspirations.
Scott Marshall (pictured), managing director at the lender, said: “These results are fantastic, demonstrating the quality of our originations team, our strength and depth in underwriting, incredible support from our funding lines and the extraordinary way we work with borrowers to achieve positive outcomes, particularly during challenging times.
“The amount of repeat business, recommendations and referrals we receive are testament to this.
“The more customers that return, the more certain we are that our unique proposition works. But we are not stopping here and the next 18 months promises to be even more exciting, with new products ready for launch in Q1 2023.”
