This includes lending up to 75% of current market value for first-charge loans, and up to 65% of 180-day value for second charge.
The principal lender will offer loans from £50,000, with up to 24-month terms, for property in England and Wales.
“We’ve been planning this launch for the last few weeks, but wanted to make sure all the team were back at work and ready to give the very best support available to brokers and their clients,” said Chris Fairfax, CEO at Catalyst Property Finance (pictured above).
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“This is an exciting range which is much needed in the short-term finance market today.
“Clearly, there is pent up demand from brokers and borrowers who have property projects on hold or about to begin.”
Catalyst is now underwriting residential and semi-commercial property and, to assist borrower’s cashflow, interest payments can be serviced, retained or part and part.
“We are also offering stage payments that are drawn against costs, not value,” Chris added, stating that this will be assessed by a QS or asset manager, depending on the loan.
“Importantly, fast-track completions are available when the necessary documentation is provided.
“We are ready to provide the funding needed to help get the property market moving again.”