Catalyst Property Finance introduces short form valuations

Short form valuations are available for residential property in major cities with a value up to £500,000 and £750,000 in London. Light refurbishment is allowed.

Matt Gillon, head of credit at Catalyst Property Finance, said: “At Catalyst, we are always looking for ways to improve our bridging finance proposition for our broker partners and their clients; whether that be through our service levels or our market-leading product offering. We have a number of new improvement initiatives to announce in 2020 and into 2021; the first being the acceptance of short form valuations for suitable properties.

"Being able to utilise short form valuations, will allow us to be even more efficient and cost-effective. One of the benefits is that they speed up the loan application process, typically by 2-3 days, which is a huge advantage for those borrowers needing quick access to finance. What’s more, there’s a real cost saving for borrowers.”