Catalyst Property Finance has unveiled a comprehensive reduction in rates across various lending categories.
- Bridging finance rates now begin at a competitive 0.79% monthly, providing more accessible options for borrowers.
- Refurbishment finance has also seen reductions, with rates starting at 0.85% monthly, benefiting those in property development.
- Specialist buy-to-let and commercial bridging products have new, attractive rates, reflecting market stability.
- Enhancements in loan-to-value ratios on certain products offer increased leverage opportunities for borrowers.
Catalyst Property Finance has introduced notable reductions in its finance rates, signalling a positive turn in the lending market. The company now offers bridging finance rates starting at an attractive 0.79% per month, opening up opportunities for a broader range of borrowers seeking short-term funding solutions.
Refurbishment finance, an important tool for developers aiming to enhance property value, is now available from 0.85% monthly. This adjustment aims to support developers in efficiently managing costs while undertaking renovation projects, aligning with market demands for feasible funding.
In the realm of specialist buy-to-let and commercial bridging products, Catalyst has also made significant rate cuts. The new commercial bridging rates begin at a competitive rate of BBR plus 7.50% per annum, while specialist buy-to-let now stands at 8.75% per annum. These reductions are indicative of a stabilising property finance market, allowing investors to capitalise on improved financial conditions.
Furthermore, Catalyst has increased leverage on its products. The second charge and commercial products now offer loans up to 70% of 180-day value, up from the previous 65%. This change provides borrowers with enhanced borrowing capability, allowing for greater investment flexibility and potential expansion.
The CEO of Catalyst, Chris Fairfax, expressed his satisfaction with these changes, emphasising their alignment with recent market stabilizations. He stated, “After what feels like a long time of pricing stagnation in the property finance market, I am extremely pleased to announce a widespread rate reduction across Catalyst’s product range.”
Similarly, Marketing Director Anna Bennett highlighted improvements beyond pricing. She noted that the product offerings have been streamlined to enhance usability, maintaining the comprehensive range of solutions but in a simplified format. This initiative also includes a redesign of the product guide, aiming to provide ease of navigation for brokers. Bennett remarked, “Alongside the reprice, we’ve taken the opportunity to evolve and improve our product offering.”
Catalyst’s strategic rate adjustments and increased lending capacities reflect a positive shift in the property finance market.
