Castle Trust Bank cuts rates

    Portfolio of Houses

    Castle Trust Bank have cut rates across our range, including Heavy Refurbishment with Drawdowns, Light Refurbishment and our Buy to Let product, TermTen.

    The rate on our popular Heavy Refurbishment with Drawdowns product has been cut from 0.99% to 0.90%. While the sale exit rate on Light Refurbishment has been reduced from 1.04% to 0.90%. The maximum term on Light Refurbishment has also been increased from 12 months to 18 months.

    On TermTen, our Buy to Let product, which can be used for small HMOs, MUFBs and Holiday Lets, the rate has been cut from 6.39% to 5.89%. TermTen comes with a choice of a 3.00% arrangement fee with a 1.00% exit fee, or a 4.00% arrangement fee with no exit fee.

    Anna Lewis, Commercial Director, said: “At Castle Trust Bank, we’ve been consistently enhancing our lending proposition for property investors with improvements such as Net LTV calculations to provide greater leverage and Heavy Refurbishment bridging loans with drawdowns to provide a more cost-efficient way to complete their projects. This is in addition to our streamlined service delivery and expert BDM support. We’re delighted to be able to further enhance this proposition with these rate cuts, which will help more investors to make the most of the current market opportunities.”

    Mortgages
    This website is for authorised intermediaries only. This information has not been approved for use with customers and is not intended for public or customer use. Your clients’ property may be repossessed if they do not keep up repayments on a mortgage or any other debt secured on it. Loans are subject to status, terms and conditions.

    Castle Trust Bank means Castle Trust Capital plc, a company incorporated in England and Wales with company number 07454474 and registered office at 10 Norwich Street, London, EC4A 1BD. Castle Trust Capital plc is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority, under reference number 541910. Buy to Let is not regulated by the Financial Conduct Authority or the Prudential Regulation Authority.

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    This website is for authorised intermediaries only. This information has not been approved for use with customers and is not intended for public or customer use. Please confirm that you are an intermediary before accessing information on this website.

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