Catalyst increases proc fees to 2.50% this Spring

Specialist property lender, Catalyst, is offering an enhanced proc fee of 2.50% on its everyday first charge bridging, development exit finance, auction finance and light refurbishment finance as part of a new Spring incentive.

The increased commission will be automatically applied to all qualifying applications received in March and April that complete by the end of June 2023. Qualifying loans have a facility of up to £1,000,000 with leverage between 70% and 75% LTV. A minimum nine-month term applies.

Chris Fairfax, CEO at Catalyst, said: “’PROCtober’ comes early this year! We’re delighted to offer brokers the opportunity to benefit from increased commission with our Spring 2.50% proc fee incentive.

"Catalyst has the backing of fantastic investors and funders who realise top quality risk has proven more challenging to originate within a competitive landscape. They, and we, feel positive about the short- to medium-term market; we understand the opportunities and have a strong appetite to lend.

"So, as well as the significant improvements made to our pricing and leverage last week, we are kick-starting our drive for new business with a Spring broker incentive. We look forward to not only providing brokers with competitive funding solutions for their clients but also an extra reward for their support.”