Catalyst enters buy-to-let market

Its boost to let product rates start from 3.74 per cent and is available up to 75 per cent loan to value (LTV) including those with cash-out. It is also available up to 80 per cent loan to cost for purchases.

Those on the lender’s major distributor’s panel earn 1.5 per cent commission, brokers are eligible for one per cent commission. The arrangement fee is two per cent.

It has a 100 per cent interest cover ratio (ICR) and allows unlimited top slicing for high net worth borrowers.

It is eligible for complex property types, including high value single assets, holiday lets, student lets, low yield assets, ex-local authority, multi-unit freehold blocks with no exposure limits and houses in multiple occupation (HMO) that have unlimited bedrooms.

Mixed use property can also be used with the product up to 75 per cent LTV.

Chris Fairfax (pictured), chief executive at Catalyst, said it was excited to launch its first buy-to-let product and bring the company’s “can-do lending approach to the buy-to-let market”.

He said: “We have built a fantastic team of property finance experts who are ready to support our major distributors and brokers with a product that has extremely strong demand.

“Buy to let is a natural progression for Catalyst and sits well with our bridging, refurbishment, and development finance ranges. This is not mass market; it is solution driven focused lending that boosts both borrower eligibility and the brokers ability to help more clients.”