The range of products are available as 2-, 3- and 5-year fixed rates, with an automatic switch to a variable rate for an overall term of 10 years.
Rates begin at 4.19% for 2-year fixed rate, 4.39% for 3-year fixed rate and 4.59% for 5-year fixed rate periods.
Across the range, the maximum LTV is 75%, and brokers can acquire instant terms from Castle Trust Bank BDMs.
Castle Trust Bank specialise in Buy To Let Financing, and currently offer a wide range of different buy to let options, including buy to let mortgages to UK residents, ex-pats, foreign nationals, SPVs and trading companies.
The loans are available for multiple BTL investments, including HMOs, property refurbishment, holiday lets, and portfolio loans.
Barry Searle, Managing Director of Mortgages at Castle Trust Bank, says:
“In today’s uncertain environment, certainty is more important than ever before, which is why we have worked hard to launch this range of products that provide brokers with the certainty they need, as our BDM will be able to provide instant terms. With our field sales team now all back, working at full capacity, we will be able to help even more brokers find the right solution for their investor clients.
“There is added certainty in that these products are available for a fixed rate period, with an automatic switch onto a longer term product, giving investors the flexibility and lending appetite of traditional bridging, but with 10-year terms that can provide them with additional peace of mind. We have already seen how popular this combined approach is from the demand for our Bridge to Let proposition and we expect similar demand for this new range.”
Original article featured here…
The news comes after Castle Trust recently announced plans to focus on expanding its business, with the appointment of Jason Neale.