Catalyst relaunches PROC-tober

Catalyst Property Finance has relaunched PROC-tober, an initiative open to all intermediaries which pays an enhanced bridging proc fee plus a donation to the Motor Neurone Disease Association.

To qualify for a 2.25% proc fee, brokers simply need to submit their enquiries to Catalyst during October and the enhanced proc fee will be automatically added to their heads of terms; the loan must then fund before the winter break, on or before 24 December.

Chris Fairfax, chief executive at Catalyst Property Finance, said: “Following the success of last year’s PROC-tober campaign, we’re excited to give bridging brokers another boost this Autumn.

“As before, we want to encourage new intermediaries to try the Catalyst experience and, of course, we want to give an extra Autumn boost to our existing and valued intermediary partners.

“During PROC-tober there is absolutely no change to Catalyst’s usual competitive pricing or client fees, the enhancement and the charitable contribution is completely funded by Catalyst.

“Last year, our PROC-tober campaign enabled us to make a charitable contribution to ‘Hope for food’ on behalf of our broker partners.

“This year we are delighted to support the Motor Neurone Disease Association, a charity suggested and supported by our senior credit analyst, James Parnall.”

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