Catalyst acquired by the FHL Group

Catalyst will maintain its brand identity and continue to run as a separate entity with no planned operational or resource changes.

The lender said it will benefit from a diversified funding pool, with brokers gaining access to more innovative product opportunities and a growing platform to support their clients.

Chris Fairfax, CEO at Catalyst Property Finance (pictured above), commented: "Establishing Catalyst as a leading name in specialist finance has been an enormous privilege, and we’re thrilled to be entering the next chapter of this journey with the backing of the group.

“We share our vision for the future with Pete [Ball, CEO at Foundation Home Loans] and the wider group; we speak the same language and share common goals.

“The timing was perfect, they were looking to diversify, and we needed funding to enable us to deliver upon our ambitious plans.

“With the group's backing, we're ready to be a Catalyst for positive change in the specialist market."

Pete commented: "I’m really pleased to welcome Chris and the whole Catalyst team to the group.

“This is a great fit, as it allows us to support the property ambitions of a broader range of borrowers.

“There will be no operational or resource changes as a result of the acquisition.

“Our role is to support Catalyst with an enhanced, diversified funding line, and to help it achieve the long-term ambitions and growth plans that we, and they, have for the future.”