It responded to increased broker demand for higher-leverage funding
Specialist property finance lender Catalyst has announced that it has brought back its 80% loan-to-value (LTV) specialist bridging.
From Tuesday, May 2, a wide range of the lender’s products are available to 80% LTV, including ‘Everyday’ bridging, light refurbishment finance, development exit finance, finish and exit finance, and auction finance.
Catalyst had previously reduced its LTV limits to 75% in response to market conditions.
At 80% leverage, rates are set from 0.99% per month, the maximum loan size is £1 million, and the maximum value per property unit is £750,000.
๐ ๐๐ผ๐ผ๐ธ ๐๐ต๐ฎ๐'๐ ๐ฏ๐ฎ๐ฐ๐ธ! ๐ช๐ฒ’๐ฟ๐ฒ ๐ฏ๐ฟ๐ถ๐ป๐ด๐ถ๐ป๐ด ๐ฏ๐ฎ๐ฐ๐ธ ๐ด๐ฌ% ๐๐ง๐ฉ ๐น๐ฒ๐ป๐ฑ๐ถ๐ป๐ด ๐ณ๐ผ๐ฟ:
— Catalyst Property Finance (@CatalystPF) May 2, 2023
๐‘Everyday’ Bridging
๐Light Refurbishment
๐Development Exit/Finish and Exit
๐Auction Finance#PropertyFinance #ShortTermFinance #NeverMissAGoodOpportunity #WeAreCatalyst pic.twitter.com/lOx311oFKe
“Catalyst is known for leading the market with product innovation,” commented Chris Fairfax (pictured), chief executive at Catalyst Property Finance. “We like to push boundaries and offer brokers something different, something useful for their clients.
“In the last three months alone, we’ve launched lower rates, increased leverage, and enhanced proc fees. Our next push forward is bringing back 80% LTV lending. The timing is right; higher leverage loans on our loan book are performing exceptionally well, and we’ve seen increased broker demand at 80% for loans that make sense to our credit team.
“I will stress, while Catalyst remains happy to lend on the more complex loans and to less experienced borrowers at 70% LTV, our 80% LTV lending is available for centre risk deals and experienced borrowers. We know there are great deals out there in need of 80% leverage and our doors are open to brokers. We’re back with higher-leverage funding.”
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