Catalyst Property Finance

Catalyst ups LTVs across bridging ranges

Catalyst Property Finance has increased the LTVs across its first- and second-charge bridging ranges, as well as its refurbishment bridging suite.

First-charge bridging is now available up to 80% of OMV (previously 75%), and second-charge now offers a maximum LTV of 75% of OMV (up from 70%).

Meanwhile, the refurbishment bridging rage is now available up to 80% of OMV for the light refurb product.

The new, higher leverage options are available for loans between £100,000-£500,000.

Chris Fairfax, CEO at Catalyst (pictured above), said: “We believe higher LTV options for bridging and light refurbishment borrowers are going to be in stronger demand in the short- and medium-term.

“Catalyst believes this area is currently undeserved and represents good risk when carefully analysed.”

This follows the lender’s launch into the BTL market, announced last week.

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