EVERYDAY RESIDENTIAL AND SEMI-COMMERCIAL BRIDGING

Catalyst Property Finance / Bridging finance

Secure the purchase of a property quickly or fund the refurbishment or permitted development with an everyday residential & semi-commercial bridging loan from Catalyst.

Lending Criteria Overview

Borrower Bridge and big bridge
For borrowers with a good credit history, some adverse allowed.
Credit repair
For borrowers with significant/recent CCJs, mortgage arrears, etc.
All products
Bankruptcy/IVAs must be discharged/cleared.
Borrower 3 year UK address history.
UK individual or LTD Co/LLP. Offshore LTD Co.
Loan Loan terms from 3 months to 24 months.
No ERCs, 1 month minimum interest.
Loans available from £100,000 to £5 million.
Interest serviced, blended or retained.
Types of transactions allowed: purchase, refinance with no cash out, refinance with cash out, development exit (inc. finish and exit), auction finance.
Property A wide range of property types allowed.
Light refurbishment only to 10% of CMV (Current Market Value).
Development exit finance, includes ‘finish and exit’ where the remaining works are below 10% of CMV.
Residential up to 75% LTV.
Semi-commercial up to 75% LTV, residential element must be >50%.
Commercial to residential developments must have 12 months remaining on the approval for a residual valuation.
For below market value purchases up to 85% loan to cost (qualifying costs being all purchase costs, tax, all refurbishment cost to date and fees associated with borrowing) or 75% CMV, the lower of the two.
Located in England or Wales.

REQUEST MORE INFORMATION

As a respected bridging loan provider, we can offer individuals and businesses a bridging loan up to £5 million over a term between a month and two years. To be eligible for this type of loan, borrowers must be between the ages of 21 and 85 at the end of the term and have a good credit history (those with an adverse history can be helped by referral). They must also have resided in the UK for three years.

Catalyst takes huge satisfaction in being able to help most people looking for short-term finance with our range of bridging loans. We are a provider of short-term property loans to 75% LTV and we excel at delivering the bridging products you need and the service you and your clients deserve. If you would like to talk to us about our everyday residential and semi-commercial bridging loan options, contact our team today.

Monthly Interest Rates From:

FIRST CHARGE

Bridging loans – £100k to £750k:

% of Open Market Value 50% LTV 60% LTV 65% LTV 70% LTV 75% LTV
Monthly Interest Rates From 0.55% 0.60% 0.65% 0.70% 0.75%

Big Bridge Loan – £750k to £3m:

% of Open Market Value 50% LTV 60% LTV 70% LTV 75% LTV
Monthly Interest Rates From 0.55% 0.60% 0.65% 0.69%

Credit repair bridging loan – £100k to £3m:

% of 180 day value 50% LTV 60% LTV 65% LTV 70% LTV
Monthly Interest Rates From 0.75% 0.79% 0.84% 0.89%

 

SECOND CHARGE

Second Charge Bridge Loan – £100k to £3m:

 

% of Open Market Value 50% LTV 60% LTV 65% LTV 70% LTV 75% LTV
Monthly Interest Rates From 0.65% 0.70% 0.75% 0.80% 0.89%

Monthly Interest Rates From

First Charge Second Charge
50% LTV 0.55% 0.65%
55% LTV 0.59% 0.69%
60% LTV 0.65% 0.75%
65% LTV 0.69% 0.79%
70% LTV 0.75% 0.85%
75% LTV 0.85% 0.95%
80% LTV 0.95%