Catalyst launches development finance offering

Interest rates start from 7.95% pa up to 95% loan to cost (LTC) including interest/75% Loan to Gross Development Value (LTGDV).

Chris Fairfax, managing director at Catalyst, said: “We are very excited to launch into the development finance market. In many ways this is a natural progression for Catalyst, being an established lender of refurbishment bridging and development exit finance. This is a much-anticipated launch; we have listened to the UK’s leading packagers and intermediaries, asking them what they need for their property developer client base. Strong demand exists for a 95% LTC product, for residential and mixed-use schemes, combined with a competitive rate and the ‘can-do’ approach to lending my team are known for.

"For this initial launch we are focussing our lending on the South; sites in Berkshire, Bristol, Buckinghamshire, Devon, Dorset, Hampshire, Oxfordshire, Somerset, Surrey, West Sussex, and Wiltshire. We will roll-out to the rest of the UK in the future. Being able to offer our existing broker partners and their clients another great funding option personally makes me very proud.”