Catalyst Property Finance

Catalyst enters BTL market

Catalyst has expanded into the BTL sector with its new ‘boost to let’ offering.

The specialist mortgage product — which has a 100% ICR at pay rate and allows top slicing for HNW borrowers with more than £1m of assets — is aimed at landlords who fall outside mainstream lending. 

The lender aims to provide flexibility on borrower affordability, accepted property, borrower type/credit profile and complex enquiries.

Catalyst’s ‘boost to let’ product includes:

  • loans of up to 75% LTV, including those with cash-out (80% LTC for purchases) 
  • rates starting from 3.74%
  • maximum single property value of £3m
  • loans from £50,000 to £10m
  • administration fee of £250 per property up to a maximum of £1,000, non-refundable
  • arrangement fee of 2%
  • up to four applicants allowed
  • ages 21-85, older by referral 
  • Catalyst’s major distributor panel earn 1.5% commission
  • brokers earn 1% 

“We are excited to launch boost to let and bring Catalyst’s can-do lending approach to the BTL market,” said Chris Fairfax, CEO at Catalyst (pictured above).

“We have built a fantastic team of property finance experts who are ready to support our major distributors and brokers with a product that has extremely strong demand. 

“BTL is a natural progression for Catalyst and sits well with our bridging, refurbishment, and development finance ranges.

“This is not mass market; it is solution-focussed lending that boosts both borrowers’ and brokers’ ability to help more clients.”

The product range is available for unusual and complex property, including mixed-use to 75% LTV, high-value single assets, holiday lets, student lets, low-yield assets, ex-local authority, MUFBs with no exposure limits, and HMOs that are unlimited on bedrooms. 

The finance provider accepts professional, portfolio and first-time landlords as borrowers, and can lend to individuals, limited companies, LLPs, offshore limited companies, SPVs and trusts.

Expats, foreign nationals from EEA/non-EEA, and clients with adverse credit are also accepted.

In addition, there is no minimum income requirement and borrowers can be retired.

In April, the business revamped its product suite by increasing its maximum loan size for commercial property, second-charge loans and complex bridging to £10m.

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