Catalyst Property Finance has announced it is launching a low-rate, high leverage bridging product for loans between £750,000 and £3,000,000.
Launching today, this bridging product is suitable for clients with a wide range of residential and semi-commercial property. It caters for no/light/medium/heavy refurbishment, capital raising, and all borrower credit tiers.
Monthly rates are 0.65% to 70% OMV or 0.69% to 75% OMV. As with Catalyst’s standard bridging range, proc fees are set at 2.00%, and there is a 2.00% facility fee, no exit fee and no ERCs.
Anna Bennett, Marketing Director at Catalyst Property Finance says:
“We’re excited to launch such a competitive product at a time when the property market is so active. Demand for short-term finance is high and this bridging product fills the gap for clients with larger property projects who are in need of a higher leverage loan.
"With rates at 0.65% at 75% OMV or 0.69% at 75% OMV, we’ve set up our stall to give brokers a highly competitive product with all the Catalyst criteria flexibility they’ve come to expect. And if your client needs a speedy lending decision, our New Business Team responds to new enquiries within 2 hours.”