Roma Finance has announced that it has launched a buy-to-let product in Scotland, extending an offering already established in England and Wales and widening its reach in the UK rental market.
The specialist lender already provides bridging and development finance north of the border. With this launch, landlords and property investors in Scotland can now access buy-to-let funding from Roma for the first time.
The Scottish buy-to-let product supports loans of up to £750,000, with borrowing available at up to 75% loan-to-value. It covers a broad range of property types, including:
standard buy-to-let homes
landlord portfolios
houses in multiple occupation (HMOs)
multi-unit freehold blocks (MUFBs)
Roma has also applied its flexible underwriting approach to the Scottish product. This includes top slicing, which allows applicants to use personal income to support affordability when rental income alone does not meet stress testing requirements.
Alongside the buy-to-let launch, the lender is introducing its revolving credit facility in Scotland. The facility offers loans of up to £750,000 and gives approved borrowers access to a pre-agreed credit limit for onward property purchases. Borrowers can draw down funds, repay them, and reuse the facility as required. Roma introduced the revolving credit facility in England and Wales in April last year, where brokers and customers have used it to support repeat transactions and ongoing investment activity.
Together, the two launches extend Roma’s lending options for Scottish brokers and investors and build on its existing presence in the market.
“Scotland has always been an important market for us, so it makes sense to expand our buy-to-let offering here,” said Sonia Mann, head of sales at Roma Finance (pictured). “We already work closely with brokers and developers, and this launch means we can do more to support landlords and investors.
“By lending up to 75% LTV across different property types, and offering top slicing where it helps, we give brokers the ability to keep deals moving in a tricky market. It’s about practical, flexible lending from people who know the local market.”
