Catalyst Property Finance has announced it is launching bridging product that will be available for loans over £750,000, up to 75 per cent loan to value (LTV) and has a rate of 0.75 per cent.
The lender returned to 75 per cent LTV bridging in June with loan amounts starting from £50,000.
The deal, 75-75-75, was developed following conversations with brokers and borrowers during lockdown. The lender identified a demand for a flexible short-term product at a high LTV to help clients move forward with property transactions.
Chris Fairfax (pictured), CEO at Catalyst Property Finance, said: “Catalyst has been fortunate in that we have been able to continue to lend and support brokers all throughout the 2020 lockdown, albeit with lower business levels than before.
“We are now into the next phase of our bounce back; both enquiry and applications are at a record high and we want to capitalise on this success by providing an exciting new product for brokers to utilise for their property professional clients.”
Shekina is the deputy editor at Mortgage Solutions and commercial editor at Mortgage Solutions and Specialist Lending Solutions. She has nearly eight years of experience in the B2B publishing market, having previously covered the hospitality, retail, pet, accounting and jewellery sectors.
Shekina has worked for Mortgage Solutions and Specialist Lending Solutions for almost five years. Here, she covers the market’s breaking news stories, engages with professionals in the sector, and oversees any commercially agreed content in partnership with mortgage-related companies.
This includes presenting webinars and hosting roundtable discussions on developing themes in the mortgage sector.
She is an NCTJ-trained journalist and was nominated for the Headline Money Awards Mortgage Journalist of the Year in 2021.
In her spare time, Shekina likes to read, travel, listen to music and socialise with friends.
She currently reports on current events in the mortgage market and liaises with financial clients to produce sponsored content.
Follow her on Twitter at @ShekinaMS