Catalyst Property Finance

Catalyst launches low-rate bridging product for bigger loans

Catalyst Property Finance has added a new, low-rate product for bigger loans to its bridging offering.

The intermediary-exclusive product has a £20m tranche and is available for residential and semi-commercial bridging loans between £750,000 and £5m.

Monthly rates stand at 0.55% at 70% OMV or 0.59% at 75% OMV on a 12-month term.

It can be used for auction purchases, development exits, purchases, refinances and re-bridges on residential and semi-commercial assets in England and Wales.

Very light refurbishments are also allowed.

It is available for new enquiries submitted from 20th April 2021.

James Farge, head of new business at Catalyst Property Finance (pictured above), said: “This bigger loan, higher leverage, low-rate product has been designed to help brokers compete against high street lenders. 

“It allows borrowers to achieve a higher net position and an ability to stretch their capital further. 

“Even though we are reducing our interest rates at higher LTVs, we stand committed to our broker network, offering a 2% proc fee.”

Leave a comment