Chris Fairfax

Catalyst Property Finance increases bridging LTVs for PROC-tober




Catalyst Property Finance has risen the LTVs across its bridging range during its PROC-tober initiative.

The lender is now offering 70% LTV on second charge bridging and 90% LTV of purchase prices on below market value (BMV) transactions.

The LTV has also been raised to 65% for complex bridging and borrowers with adverse credit.

For standard bridging with refurb, Catalyst is offering up to 75% market value.

Chris Fairfax, CEO at Catalyst Property Finance (pictured above), said: “...We are continuously looking for ways to make our products more appealing for brokers and their clients. 

"Our aim is to open up more opportunities for brokers who introduce complex cases [and] have borrowers with previous credit issues, and BMV purchases. 

“We’ve decided to launch these improvements during our PROC-tober incentive, so intermediaries can take full advantage of our 2.5% proc fees.”

The lender will pay an enhanced 2.5% proc fee for all new, formal bridging finance enquiries submitted in October this year that fund before 18th December.

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