Catalyst unveils spring proc free offer for brokers
By Andreea DulgheruCatalyst Property Finance has announced it is offering all brokers an enhanced 2.5% proc fee on everyday first-charge bridging, development exit finance, auction finance and light refurbishment finance deals this spring.
Section: Products
The increased limited-edition commission will be automatically applied to all qualifying applications received in March and April that complete by the end of June 2023.
The offer is available for loans of up to £1m with leverage between 70% and 75% LTV, on terms of minimum nine months.
Chris Fairfax, CEO at Catalyst (pictured above), said: “We’re delighted to offer brokers the opportunity to benefit from increased commission with our spring 2.50% proc fee incentive.
“Catalyst has the backing of fantastic investors and funders that realise top quality risk has proven more challenging to originate within a competitive landscape.
“They, and we, feel positive about the short- to medium-term market; we understand the opportunities and have a strong appetite to lend.
“As well as the significant improvements made to our pricing and leverage last week, we are kick-starting our drive for new business with a spring broker incentive.
“We look forward to not only providing brokers with competitive funding solutions for their clients but also an extra reward for their support.”
Keywords: catalyst, catalyst property finance, proc fee, broker fee, bridging finance, development exit, light refurbishment finance