Catalyst Property Finance has increased the LTVs on a number of its bridging products.

Specifically, its second charge bridging loan has seen an LTV increase from 65 per cent LTV to 70 per cent LTV and, for transactions below market value at purchase, from 80 per cent LTV to 90 per cent LTV.

Meanwhile, complex bridging has been upped from 60 per cent LTV to 65 per cent LTV as has the bridging product for borrowers with adverse credit.

The lender also offers a bridging with refurb product at up to 75 per cent of market value.

Catalyst chief executive Chris Fairfax comments: “We are continuously looking for ways to make our products more appealing for brokers and their clients. Our aim is to open up more opportunities for brokers who introduce complex cases, have borrowers with previous credit issues and BMV purchases.

“We’ve decided to launch these improvements during our PROC-tober incentive so intermediaries can take full advantage of our 2.5 per cent proc fees.”