As part of the monthly offer, the lender will pay an enhanced proc fee of 2.25% for all bridging enquiries submitted during October that fund before the winter break (on or before 24th December).
In addition, the lender will also donate to the Motor Neurone Disease Association — a charity suggested and supported by Catalyst’s senior credit analyst, James Parnall — based on all the deals completed during the initiative.
- Brokers want trust and delivery from new bridging lenders, not 'silly rates'
- Catalyst launches PROC-tober initiative with 2.5% proc fees
- MFS and Catalyst bring in new bridging products
Chris Fairfax, CEO at Catalyst Property Finance (pictured above), said: “Following the success of last year’s PROC-tober campaign, we’re excited to give bridging brokers another boost this autumn.
“During PROC-tober, there is absolutely no change to Catalyst’s usual pricing or client fees, the enhancement and the charitable contribution is completely funded by us.
“As before, we want to encourage new intermediaries to try the Catalyst experience and, of course, we want to give an extra autumn bonus to our existing and valued intermediary partners.”
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