Roma Finance has marked December as a record month for redemptions, both in volume and value, surpassing expected redemptions by 165%.
This achievement is part of a series of record-breaking performances throughout 2023, spanning new business acquisition, loan book expansion, and redemptions.
The lender noted a variety of redemption exits, including refinances and sales, with a noticeable inclination towards refinancing as landlords seek to expand their portfolios.
Roma Finance has continued to see an upsurge in enquiries and completions, with 2023 being a banner year and 2024 starting off on an equally strong footing.
The company reports its highest ever pipeline in terms of both volume and value, driven by demand for its bridging and development finance products, setting the stage for more record redemption months ahead.
Deborah Chaplain, head of collections at Roma Finance, expressed her satisfaction with these achievements, attributing them to the company’s effective engagement strategy and the proactive efforts of the customer service and collections team.
“The result of our robust engagement strategy has been highly successful. We establish relationships with our borrowers from the initial funding day, offering support and maintaining transparency. This fosters a loyal clientele that repeatedly chooses to work with us. Our passion for lending is matched by our eagerness to do so time and again,” Chaplain remarked.
