The FHL Group, father or mother firm of Foundation Home Loans, has acquired specialist lender Catalyst Property Finance.
Catalyst chief government Chris Fairfax
Catalyst will keep its model id and proceed to run as a separate entity with no deliberate operational or workforce adjustments.
The lender specialises in refurbishment loans, bridging finance, growth exit finance, public sale funding, industrial bridging, and specialist buy-to-let and has lent £600m since inception.
Catalyst mentioned it is going to be “supercharged” by the acquisition, with a diversified funding pool enabling extra product creativity and sharper pricing.
For brokers, it mentioned the advantages shall be entry to extra modern product alternatives and a rising platform to assist their property developer and investor shoppers.
Catalyst chief government Chris Fairfax says: “Joining The FHL Group marks a big milestone for Catalyst. From humble beginnings, our workforce has constructed a high-performing, worthwhile lending platform.
“With the Group’s backing, we’re now ready to speed up development, develop our product vary, and improve service supply for brokers and their shoppers. This partnership permits us to keep up our entrepreneurial tradition whereas benefiting from higher funding scale and strategic assist.”
Foundation Home Loans chief government Pete Ball says: “We are delighted to welcome Catalyst to The FHL Group. The enterprise is a robust strategic match, complementing our core proposition and enabling us to increase our attain into new segments of the specialist finance market. Catalyst’s repute and observe file communicate for themselves. Our focus shall be on supporting their continued development by way of elevated funding diversification and long-term funding.”
The acquisition displays The FHL Group’s ongoing dedication to broadening its footprint in specialist lending and providing intermediaries a extra complete vary of property finance options.
