Specialist lender Catalyst has returned to 80 per cent loan to value (LTV) tier for bridging, having reduced it to 75 per cent LTV due to market conditions.
The lender will be able to go up to 80 per cent LTV for everyday bridging, light refurbishment finance, development exit finance, finish and exit finance and auction finance.
At 80 per cent LTV, rates start from 0.99 per cent with the maximum loan size is £1m and the maximum value per property unit is £750,000.
The lender said that terms can be secured from the new business team, who aim to respond to enquiries within one business hour.
Chris Fairfax, CEO at Catalyst, says: “Catalyst is known for leading the market with product innovation. We like to push boundaries and offer brokers something different, something useful for their clients. In the last three months alone, we’ve launched lower rates, increased leverage, and enhanced proc fees.
He added: “Our next push forward is bringing back 80 per cent LTV lending. The timing is right; higher leverage loans on our loan book are performing exceptionally well, and we’ve seen increased broker demand at 80 per cent LTV for loans that ‘make sense’ to our credit team.”
“I will stress, while Catalyst remains happy to lend on the more complex loans and to less experienced borrowers at 70 per cent LTV, our 80 per cent LTV lending is available for centre risk deals and experienced borrowers.
“We know there are great deals out there in need of 80 per cent leverage and our doors are open to brokers, from today we’re back with higher-leverage funding.”
Anna is currently the deputy editor for Mortgage Solutions and editor for Specialist Lending Solutions. She has worked as a journalist since 2019, having secured her Gold Standard NCTJ diploma from News Associates in a fast-track six-month course.
She started her career as a report at specialist publication The Insurance Insider covering a wide range of areas before joining Mortgage Solutions and Specialist Lending Solutions in 2021.
In her role, she helps put together and structure the news agenda for the day and writes up press releases, reports, interviews, analyses and exclusives across both titles. She also commissions blogs for Specialist Lending Solutions and hosts online masterclasses and in-person events across the business.
She has been shortlisted for three journalism awards, which include BIBA Journalist and Media Awards Scoop of Year Award in 2020, Headline Money Mortgage Journalist of the Year Award (B2B) in 2022 and 2023.
Prior to being a journalist, Anna worked in ecommerce across Snow + Rock, Cycle Surgery and Runners Need websites, and before that worked at specialist financial PR firm Rostrum.
In her spare time, Anna enjoys reading, seeing live music, and cooking for friends and family. When she gets a chance, she also enjoys hiking, skiing and indoor rock climbing.