Catalyst has unveiled new AVM and desktop valuation unregulated bridging products.
Partnering with Rightmove AVM and VAS Assurance, the range offers a more streamlined and cost-effective solution for brokers seeking bridging finance for their clients, the specialist lender said.
Catalyst AVMs are free and available for qualifying applications up to 65% LTV, lending on property values from up to £500,000.
Its desktop valuations cost from £200 to £500, and are available for qualifying applications up to 70% LTV, lending on property values up to £1,000,000.
Loans are available for UK individuals, limited companies/LLPs and offshore limited companies. Terms run from three to 24 months; cosmetic works are allowed and borrowers with some adverse credit may be considered.
Chris Fairfax (pictured), CEO at Catalyst, said: “Having worked as an intermediary in the bridging space for over a decade, I know that cost and speed of transaction can have a huge impact on the success of securing the deal with your client.
“This year, I have tasked my team to further improve the way we support our broker partners; launching these AVM and desktop valuation bridging products is part of our plan to deliver even more incredible service.”
