Mortgage rally – A complete new branding and a lowered mortgage …
In addition, Roma has improved its automated value models (AVM) criteria on bridging financing for purchase and refinancing. These changes now allow claims of up to 70% LTV and enhanced loan amounts of up to £ 500,000.
Scott Marshall, Founder of Roma Finance, said: “Our new logo, brand and vision show how far we’ve come since I started the business 13 years ago, named after my late grandparents Rose and Max. We had an employee and an office. Now we are 35 strong with representation across the mainland UK.
“Our new brand is modern, accessible and professional and marks a new step in the achievement of our ambitious growth strategy, which puts people, not property, at the heart of our business. “
He concludes: “The less ordinary Roma loans include personalized underwriting, a collaborative approach with brokers and their clients, and flexibility for applicants in unconventional circumstances.
Together lowers two- and five-year mortgage rates
Together has lowered the rates on its mortgage products to help more borrowers who are struggling to obtain financing from traditional lenders.
The new two-year fixed mortgages “Prime Plus” of the group specializing in finance were launched at a rate of 4.29% for principal repayments and 4.79% for interest repayments only, while its Five-year fixed rate has been revised to 4.99% (principal) and 5.49% (interest only).
Lower rate products are available for three months at a loan to value ratio (LTV) of up to 70% on loan amounts between £ 50,000 and £ 500,000.
Independent customers, freelancers and subcontractors, people with zero hour contracts, retirees and people receiving social benefits, as well as people in full employment, can also meet Together’s criteria for its new product, subject to an affordability assessment.
The lender will review claims from customers whose county court judgments (CCJs) have been settled for at least two years and those who have paid unsecured arrears for up to six months before purchasing the new product.
Borrowers who have missed only one mortgage or secured loan payment in the past three years and none in the past year may also be eligible.
Sundeep Patel, Sales Director at Together, comments: “Our new revalued two-year and five-year fixed rate mortgages are designed to provide clients who may not fit the traditional mold with more options to make their plans a reality. real estate ownership ambitions. reality.”
“Borrowers may be looking for a mortgage on a non-standard construction property, they may have a non-standard income stream, or they may have had a small credit problem in the past – or a combination of all three – which could make it difficult. for them to access the funding they need.
He concludes: “We believe it is important that lenders offer flexible criteria to increase the choice available in the market and believe that there is a strong market demand from potential clients who might not be able to. access mortgages from traditional lenders. “