Catalyst Property Finance has launched a new range of bridging and development finance loans at up to 75 per cent of a property’s current market value.

From today the lender is offering standard bridging, development exit finance and light, medium and heavy refurbishment loans.

During lockdown, Catalyst restricted lending to 70 per cent LTV.

The lender will offer loans for £50,000 or more with a term of up to 24 months.

Chief executive Chris Fairfax says: “We have been planning this launch for the last few weeks but wanted to make sure all the team were back at work and ready to give the very best support available to brokers and their clients. 

“This is an exciting range which is much needed in the short-term finance market today. 

“Clearly, there is pent up demand from brokers and borrowers who have property projects on hold or about to begin. “

Fairfax adds: “We are underwriting residential and semi-commercial property. 

And to assist borrowers’ cashflow, interest payments can be serviced, retained or part/part.  

“We are also offering stage payments that are drawn against costs, not value.

“Importantly, fast-track completions are available when the necessary documentation is provided.”