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Catalyst increases bridging LTVs across range

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  • 13/10/2020
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Catalyst increases bridging LTVs across range
Catalyst Property Finance has increased maximum loan to values (LTVs) across its bridging range, including for complex cases and adverse credit borrowers.

 

The lender will increase its maximum second charge bridging LTV to 70 per cent from 65 per cent, while standard bridging with refurbishment is available up to 75 per cent market value.

The maximum LTV of purchase price on below market value (BMV) transactions has been increased from 80 per cent to 90 per cent.

And deals for complex bridging or borrowers with adverse credit have been increased to 65 per cent LTV.

Catalyst Property Finance CEO Chris Fairfax said: “We are increasing LTV leverage for second charge lending, below market value transactions, complex bridging and adverse credit borrower products.

“Our aim is to open up more opportunities for brokers who introduce complex cases, have borrowers with previous credit issues and BMV purchases.

“We’ve decided to launch these improvements during our Proc-tober incentive so intermediaries can take full advantage of our 2.5 per cent proc fees.”

 

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