Castle Trust, the short term, bridging finance and specialist finance provider, has announced a new cashback offer. There is now up to £5,000 cashback plus VAT on valuation fees, offered across the whole product range.
This offer applies to all valuation fees which are paid on or after 1st December. It is applicable to the majority of facilities, where the loan is completed before the end of 28th February next year.
Rob Oliver, sales director at Castle Trust Bank, said: “We’re really pleased to be able to offer this valuation cashback, which gives brokers and their clients reason to celebrate as we close 2021 and enter 2022.
“The cashback will mean that most customers who pay their fees from today and complete by the end of February, will not have to pay a valuation fee.
“Feedback from brokers tells us that valuation cashbacks offer a bigger benefit than free valuations as they enable greater freedom to choose a surveyor, which is particularly important in the current environment where there have been reports of delays with some firms.
“It further demonstrates our understanding of what brokers want and our commitment to supporting our intermediaries, building on our rate reductions earlier this year and our recent criteria enhancements, which included lending to first-time buyers.”
Original article featured here…
In September, Castle Trust cut rates and simplified its HMO and holiday let mortgages. This forms part of a wider overhaul of its buy-to-let range. Rates for HMO and holiday let mortgages now start at 3.83% and the loading has been removed. The bridge-to-let product has also had a rate reduction, with the bridging rate now available for 0.67% pcm up to 80% LTV.