Castle Trust, the short term, bridging finance and specialist finance provider, has reduced all rates on its term products by 0.25% until the end of November.
This limited period offer applies to all DIPs on term products issued by the lender during the month of November. This includes Castle Trust’s Bridge to Let product, where a term plan is used for the exit route.
Castle Trust currently offers buy-to-let mortgages to UK residents, ex-pats, foreign nationals, SPVs and trading companies. Loans are available for a variety of investments such as HMOs, portfolio loans, holiday lets and property refurbishment.
Barry Searle, Managing Director of Mortgages at Castle Trust Bank, said: “One of the many advantages of becoming a bank is that it gives us greater flexibility to make changes to products and pricing where we identify demand in the market. A second lockdown is something that nobody wanted, but the property market remains open for business and there will continue to be opportunities for investors.
“This limited period discount will help investors to make the most of those opportunities and continue to stimulate activity in the market. The discount applies to our term products across a range of uses and can include property refurbishment as part of a term product or, where an investor would rather consider the value uplift in the term finance arrangement, on our Bridge to Let proposition.”
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This news come after Castle Trust recently launched a new range of buy-to-products up to 75% LTV, with instant terms available from the lender’s BDMs.