Catalyst relaunches PROC-tober, with 2.25% proc fees for bridging loans

Sep 30, 2021Blog

Catalyst Property Finance announces the relaunch of “PROC-tober”, an initiative open to all intermediaries, which pays an enhanced bridging proc fee plus a donation to the Motor Neurone Disease Association.

Chris Fairfax, CEO at Catalyst Property Finance says: “Following the success of last year’s PROC-tober campaign, we’re excited to give bridging brokers another boost this autumn. As before, we want to encourage new intermediaries to try the Catalyst experience and, of course, we want to give an extra Autumn boost to our existing and valued intermediary partners.

To qualify for a 2.25% proc fee, Brokers simply need to submit their enquiries to us during October and the enhanced proc fee will be automatically added to their heads of terms; the loan must then fund before the winter break, on or before 24th December.

Chris continued: “During PROC-tober there is absolutely no change to Catalyst’s usual competitive pricing or client fees, the enhancement and the charitable contribution is completely funded by Catalyst. Last year, our PROC-tober campaign enabled us to make we made a charitable contribution to “Hope for food” on behalf of our broker partners. This year we are delighted to support the ‘Motor Neurone Disease Association’ a charity suggested and supported by our senior Credit Analyst, James Parnall.”