Catalyst Property Finance has overhauled its product range, bringing together its most popular bridging, refurbishment and development finance options.
The lender has cut rates and increased loan sizes, aiming to offer more support to brokers and their clients.
Bridging finance rates now start from 0.65% per month, with up to 80% open market value (OMV) leverage and terms from three to 24 months.
Loans are available from £100,000 to £20m.
The proc fee is 2% up to 75% OMV and 1.5% up to 80% OMV.
Refurbishment finance comes with rates from 0.70% per month, up to 80% OMV or 75% loan-to-gross development value (LTGDV), and the same terms and loan size options as bridging.
Anna Bennett (pictured), marketing director at Catalyst Property Finance, said: “This move marks the first step in a major initiative to revitalise our product proposition.
“This first wave of enhancements is purely focused on consolidating and then strengthening our most essential products.
“The rate cuts and increased loan sizes underscore our commitment to providing our brokers with highly competitive specialist property finance that allows them to best support their property developer and investor clients.”
Bennett added: “This is the first of several strategic improvements planned over the coming months as we continue to further improve our offering.”
Spencer Gale, sales director at Catalyst Property Finance, said: “Our broker partners sit at the heart of everything we do.
“Whether they are directly authorised firms, members of a mortgage network or club, or specialist packagers, this refreshed product range is designed with them firmly in mind.
“By simplifying our proposition, reducing rates, and increasing loan sizes, we’re giving our introducers more flexibility and stronger solutions for their clients.”
Gale added: “We remain absolutely committed to working in partnership with the intermediary community, and these changes are just the beginning of an exciting journey to further support brokers, packagers and networks in helping property investors and developers achieve their ambitions.”
