The increased commission will be automatically applied to all qualifying applications
Specialist property lender Catalyst has announced that it is offering all intermediaries a spring incentive with enhanced 2.50% proc fees on its Everyday First Charge Bridging, development exit finance, auction finance, and light refurbishment finance products.
The increased commission will be automatically applied to all qualifying applications received in March and April that complete by the end of June 2023. Qualifying loans have a facility of up to £1 million with leverage between 70% and 75% LTV. A minimum nine-month term applies.
Intermediaries, we'd like to put a Spring in your step...
— Catalyst Property Finance (@CatalystPF) March 6, 2023
...our New Business Team has all the details:
📲 01202 112 900
📨 [email protected]#PROCtoberComesEarly #WeAreCatalyst #NeverMissAGoodOpportunity pic.twitter.com/50LlP8INDW
“We’re delighted to offer brokers the opportunity to benefit from increased commission with our Spring 2.50% proc fee incentive,” Chris Fairfax (pictured), chief executive at Catalyst, said.
Fairfax, who acquired full ownership of the short-term lender two years ago, added that Catalyst has the backing of investors and funders who realise that 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,” he stated. “So, 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.”
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