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.
- An interview with Jon Hall and Rob Barnard of Masthaven Bank
- Catalyst launches PROC-tober initiative with 2.5% proc fees
- Catalyst launches new bridging product
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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