Unregulated bridging, auction, development exit, finish and exit finance rates will now start from 0.79% pm, with refurb finance now beginning at 0.85% pm.
For borrowers requiring flexible bridging, including adverse credit, inexperienced borrowers, and reduced PGs, rates now begin at 0.99% pm.
Commercial bridging now begins at BBR +7.50% pa and specialist buy to let at 8.75% pa.
The lender is also increasing leverages on its second charge and commercial products, both now offering loans to 70% of 180 value (was 65%).
Chris Fairfax, CEO at Catalyst, says:
“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, as well as increased leverages and loan sizes on a number of our specialist products. Our decision reflects the current state of the UK finance and property markets, which have seen some welcome stabilisation in recent months."
Anna Bennett, marketing director at Catalyst, says:
“Alongside the reprice, we’ve taken the opportunity to evolve and improve our product offering. Brokers who have worked with Catalyst before may notice that our range has become a little more streamlined, our criteria simplified, and we’ve refreshed our product guide design. We’re still offering the same wide range of funding solutions and ‘Catalyst style’ product flexibility, but in an easier to digest format.
"I’ve worked closely with our new sales director, Spencer Gale, on product naming and visual layout. We hope brokers find the new look and feel even easier to navigate. If they would like a copy of the new style guides, our New Business Team will happily oblige.”
