Roma Finance has completed a £1.3 million buy-to-let facility in six days on a dual asset structure involving two investment properties.
The transaction was required to refinance an existing development exit loan ahead of an imminent deadline, with the borrowers seeking to avoid significant penalty charges.
The facility was secured against an 11-bed multi-unit freehold block in Bedford, formerly a family-owned doctor’s surgery that has been converted into residential accommodation, and a detached single-family home let on an assured shorthold tenancy.
Roma said the borrowers’ asset-backed position, moderate leverage and clear refinance exit strategy allowed the case to progress quickly. An automated valuation model was used to support the underwriting process.
The case was introduced to Roma by senior business development manager George Tuffin, with underwriting led by Adam Evans.
The lender said the borrowers were able to consolidate borrowing across both assets under a new buy-to-let structure.
Adam Evans, senior underwriter at Roma Finance, says: “We were extremely happy to deliver a solution in this time-sensitive case. The borrowers were in a strong asset-backed position with reasonable leverage and had a clear, credible buy-to-let refinance exit, which enabled us to move quickly and confidently.
“This demonstrates that the team here at Roma has the experience and capability to deliver results when faced with high-pressure, time-sensitive transactions. Our focus is always on delivering swift, accurate decisions that give borrowers certainty when they need it most.”
George Tuffin, senior business development manager at Roma Finance, adds: “It was great to work with the introducer on this case. We’ve built a really strong relationship and that trust meant we were able to move quickly and collaboratively from day one.
“Their clear communication and thorough packaging made a huge difference, especially on a time-sensitive deal like this. We’re always proud to support brokers who share our commitment to delivering fast, reliable outcomes for their clients.”
