Catalyst has expanded its existing product range and entered the buy-to-let (BTL) market with BOOST to let.

The new specialist mortgage has a 100% interest cover ratio (ICR) and enables unlimited top slicing for high-net-worth borrowers with £1m plus assets.

Loans are made to 75% LTV including those with cash-out (80% loan-to-cost for purchases) and rates start from 3.74%.

Catalyst’s new mortgage is designed for unusual and complex properties including mixed use to 75% loan to value (LTV), high value single assets, holiday lets, student lets, low yield assets, ex-local authority, multi unit freehold blocks (MUFBs) with no exposure limits, and houses in multiple occupations (HMOs) that are unlimited on bedrooms.

The product is for individuals, limited companies, LLPs, offshore limited companies, special purpose vehicles and trusts. The company notes that ex-pats and foreign nationals from European Economic Areas (EEA) and non-EEAs are also accepted.

The new product has no minimum income requirements and borrowers can be retired while clients with adverse credit are also catered for.

The lender’s major distributor panel earn 1.50% commission, brokers 1.00% and the arrangement fee is 2.00%.

Catalyst chief executive Chris Fairfax says: “BTL is a natural progression for Catalyst and sits well with our bridging, refurbishment, and development finance ranges. This is not mass market; it is solution driven focused lending that boosts both borrower eligibility and the brokers ability to help more clients.”