Catalyst will offer all intermediaries an enhanced procuration fee of 2.50% on everyday first-charge bridging, development exit finance, auction finance and light refurbishment finance.

The increased commission will be automatically applied to all applications that qualify and are received in March and April that complete by the end of June this year.

Qualifying loans have a facility of up to £1m with leverage between 70% and 75% loan-to-value (LTV). A minimum nine-month term applies.

Catalyst chief executive Chris Fairfax says: “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.”

“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.”