The deal will allow Roma Finance to offer mortgage terms of up to 40 years.
Roma Finance has agreed a forward flow with J.P. Morgan to launch a range of long-term buy-to-let (BTL) and commercial mortgage products.
The deal will allow Roma Finance to offer mortgage terms of up to 40 years, with 2-, 5- and 7-year fixed rate options.
The products aim to help customers move from acquisition and refurbishment through to long-term hold strategies.
Scott Marshall (pictured), managing director at Roma Finance, said: “This is a landmark moment for Roma Finance, particularly in the current climate, and a hugely exciting step in the continued evolution of our business.
“Securing a forward flow with J.P. Morgan is not only transformational for our growth plans, but also provides significant support to our strategy and our people as we look to capitalise on this exciting opportunity.
“Our vision has always been to support brokers, property investors and developers throughout their entire journey, and this transaction enables us to strengthen that ‘Customer for Life’ proposition even further.”
Marshall added: “Customers can now move seamlessly from bridging and development finance into long-term mortgage solutions, all under one roof, with further enhanced speed, flexibility and service.
“We are continuing to invest heavily in our people, our technology and our proposition to ensure brokers and borrowers alike have access to a market-leading experience and a wider range of competitive funding options.
“With that in mind, I can confirm that further product launches and enhancements to our services are expected to follow later this year – so watch this space.”
Rob Tanna-Smith, co-head of northern European ABS at J.P. Morgan, said: “This forward flow transaction will support Roma Finance as they broaden their product offering in the specialist property lending market, and also as they implement their strategic vision to deliver on the next phase of growth.”