Roma reports record redemption levels and loan book growth




Roma Finance has achieved record monthly results in October, reporting an 88% year-on-year growth of its loan book.

It also confirmed a 100% surge in successful redemptions compared to the same period last year.

In addition, the lender said it experienced multiple record-breaking periods of enquiries and completions over the last 14 months, while its pipeline business has hit an all-time high both in terms of volume and value.

Demand for the firm’s RomaFLOW products also grew during this time, making it its most popular range.


The lender claimed that the surge in enquiries underlines a rising demand for short-term finance, as landlords, developers, and investors are focusing on their own growth aspirations despite economic turbulence.

Scott Marshall, managing director at Roma (pictured above), said: “These results are fantastic, demonstrating the quality of our originations team, our strength and depth in underwriting, the 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.

“However, 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.”

 

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