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Catalyst Property Finance expands to whole broker market

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  • 08/11/2018
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Catalyst Property Finance expands to whole broker market
Catalyst Property Finance has expanded its distribution to all intermediaries across England and Wales.

 

This follows its launch via sister company Positive Lending and selected pilot partners.

Chris Fairfax, CEO at Catalyst Property Finance (pictured), told Specialist Lending Solutions that its lending volumes are hitting £10m a month.

Catalyst considers all forms of property. All types of refurbishment deals are considered at up to 80% loan to gross development value (LTGDV), with first and second charge bridging available at up to 80% and 75% loan to value (LTV) respectively, with interest rates from 0.65%.

Fairfax said that Catalyst offered dynamic pricing, meaning it was not only guided by LTVs.

He added: “Dynamic pricing is based on risk rather than LTV alone. The risk is made up of different factors, such as underlining assets, experience of borrowers and their network.

“We offer an indication of what pricing is available but the reality is our pricing is in line with how the market actually operates on a day-to-day basis. Interest rates are fundamentally underpinned by the credit risk.”

Fairfax argued the lender had a different proposition to many of the market’s recent entrants.

“The market has seen a huge amount of new entrants and most do not offer anything new,” he said.

“The last year has been about refining every aspect of our service to make sure a great product can be delivered at far greater scale.

“Having worked with brokers at my role with Positive Lending I look forward to developing old and new relationships leading Catalyst to a wider audience.”

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