Catalyst’s launches ‘BOOST to let’
BOOST to let has a 100% Interest Cover Ratio (ICR) plus it allows unlimited top slicing for High-Net-Worth borrowers with £1m+ assets.
Funding is available for unusual and complex property including mixed use to 75% LTV, high value single assets, holiday lets, student lets, low yield assets, ex-local authority, MUFBs with no exposure limits, and HMOs that are unlimited on bedrooms.
Catalyst welcomes a wide range of borrower types including professional, portfolio and first-time landlords. They lend to individuals, limited companies, LLPs, offshore limited companies, SPVs and Trusts. Ex Pats, foreign nationals from EEA/non-EEA are accepted. There is no minimum income requirement and borrowers can be retired. Clients with adverse credit are also catered for.
Loans are made to 75% LTV including those with cash-out (80% LTC for purchases) and rates start from 3.74%. Catalysts Major Distributor Panel earn 1.50% commission, brokers 1.00% and the arrangement fee is 2.00%.
Chris Fairfax, CEO at Catalyst says: “We are excited to launch BOOST to let and bring the Catalyst can-do lending approach to the buy to let market. We have built a fantastic team of property finance experts who are ready to support our Major Distributors and Brokers with a product that has extremely strong demand.
Buy to let is a natural progression for Catalyst and sits well with our bridging, refurbishment, and development finance ranges. This is not mass market; it is solution driven focussed lending that boosts both borrower eligibility and the brokers ability to help more clients.”
About Catalyst Property Finance:
- Founded in 2017
- Catalyst provides bridging, buy to let, refurbishment, anddevelopment finance
- All forms of real estate considered in England and Wales
- Led by highly experienced management team
- Multiple funding sources permitting full status and non-status lending
- Catalyst Property Finance exists to enable change
- The use of time-saving technology is central to our approach, providing customers with the perfect balance of cutting-edge technology and expert customer service.
- www.catalystpf.co.uk
For further information please contact:
Anna Bennett, Group Marketing Director for Catalyst:
0777 207 4150 | anna.bennett@catalystpf.co.uk
To visit HIVE& Partners or Catalyst Property Finance:
The Hive, Wilson House, No.2 Lorne Park Road, Bournemouth, Dorset BH1 1JN