Catalyst brings back 75% OMV bridging with rates from 0.79%
Specialist property lender, Catalyst, has announced that it is reducing rates across its Everyday Bridging, Dev Exit Finance, Auction Finance, Refurb Finance, and REFURB+ Super Stretch products.
Everyday bridging, Dev Exit Finance and Auction Finance rates now start from 0.79%.
As well as slashing rates, Catalyst is increasing leverage, returning to lending at 75% of Open Market Value.
As a further product enhancement, the lender has also removed the 1.0% Exit Fee on SUPER HEAVY REFURB, without altering the product’s competitive pricing.
Chris Fairfax, CEO at Catalyst, says:
“During the last quarter, we onboarded a new funder and negotiated a lower cost of capital with an established line.
This enables us to reduce rates and increase leverage across some of our most popular bridging products.
We’re also removing the exit fee from our Super Heavy Refurb product, while keeping rates low.
Ultimately, it means we are offering brokers an even more compelling product range to support their property clients.
2022 was a record lending year for Catalyst, and we have capacity to fund even more loans in 2023.
Our marketing team launches the products today, with new broker product guides and an updated website.
They will be communicating key product USPs to brokers through targeted email and social campaigns.
Our key accounts team are booking visits with brokers to present the products and help them identify new borrower opportunities.
Our in-house sales team are ready to structure heads of terms, they will personally respond to broker enquiries within a working hour.
And our credit and servicing teams are fully prepared to underwrite the loans, provide funding, and help borrowers with drawdowns and repayments.
Our tagline is We’re here to make sure you never miss a good opportunity and with these new products, you won’t!”