Specialist property finance lender, Catalyst, is returning to 80% LTV specialist bridging. Previously, the company had reduced its LTV limits to 75% in response to market conditions.
From now, a 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.
At 80% leverage, rates are set from 0.99% per month, the maximum loan size is £1,000,000, and the maximum value per property unit is £750,000.
Heads of Terms are available from the lender’s new business team, who personally respond to broker enquires within a business hour.
Chris Fairfax, CEO at Catalyst, said: “Catalyst is known for leading the market with product innovation. 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, from today we’re back with higher-leverage funding.”
