Roma Finance has launched dual representation throughout its bridging and term loan ranges with the goal of streamlining the authorized course of.
The enhancement applies to single-bullet bridging and term lending (FLOW and PRO merchandise) on loans as much as £1m.
To ship the service, the lender has partnered legislation corporations equivalent to Insight Law, JQ Law, McHale & Co and TLT LLP.
Dual representation permits each borrower and lender to make use of the identical solicitor, eradicating a key level of delay within the lending course of.
Roma has additionally introduced non-obligatory resolution with impartial authorized recommendation (ILA) to supply debtors 10% off ILA providers.
The lender goals to makes it simpler and extra reasonably priced for debtors to fulfill authorized necessities, notably on private ensures and different regulated components of a deal.
As a part of the brand new resolution, a devoted reserving platform is now stay.
Roma Finance industrial director Michael Allison says: “Introducing Dual Representation is a vital step in our mission to simplify the borrower journey.”
“We’ve listened to our dealer companions and clients and put in place sensible, significant enhancements—backed by trusted authorized companions and a dedication to delivering worth at each stage.”
“With the addition of discounted ILA help, our bridging and term authorized processes at the moment are sooner, clearer and cheaper than ever, serving to extra offers full easily.”
Last month, Roma Finance introduced the appointment of six workforce members throughout totally different areas of the enterprise together with case administration, packaging, surveying and enterprise growth.
