Specialist lender, Catalyst Property Finance, has announced a strategic overhaul of its product offering, consolidating its bridging, refurbishment and development finance options, implementing rate reductions and increasing loan sizes.
Across its bridging finance range - including unregulated bridging, development exit finance, and auction finance - rates now start from 0.65% per month with leverage up to 80% open market value (OMV), not 180-day.
Refurbishment finance rates start from 0.70% per month with leverage up to 80% OMV/75% LTGDV.
Across both products, terms range from 3 to 24 months with loan sizes from £100,000 to £20m. Procuration fees are available at 2.00% up to 75% OMV and 1.50% up to 80% OMV.
Spencer Gale (pictured), sales director at Catalyst Property Finance, commented: "Our broker partners sit at the heart of everything we do. Whether they are directly authorised firms, members of a mortgage network or club, or specialist packagers, this refreshed product range is designed with them firmly in mind.
"By simplifying our proposition, reducing rates, and increasing loan sizes, we’re giving our introducers more flexibility and stronger solutions for their clients. We remain absolutely committed to working in partnership with the intermediary community, and these changes are just the beginning of an exciting journey to further support brokers, packagers and networks in helping property investors and developers achieve their ambitions.”
Anna Bennett, marketing director at Catalyst Property Finance, added: "This move marks the first step in a major initiative to revitalise our product proposition. This first wave of enhancements is purely focused on consolidating and then strengthening our most essential products.
"The rate cuts and increased loan sizes underscore our commitment to providing our brokers with highly competitive specialist property finance that allows them to best support their property developer and investor clients. This is the first of several strategic improvements planned over the coming months as we continue to further improve our offering.”
