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Castle Trust has streamlined its buy-to-let mortgages and introduced two new bridging products available on a first or second charge basis.
The lender has a range of products to help landlords refinance to raise additional capital for any legal purpose, including property refurbishment and holiday lets.
Castle Trust has mortgage products for the self-employed and company directors who specifically want to raise capital for business investment. It provides unsecured loans directly to directors and shareholders so they can purchase other businesses, buy additional premises, pay tax bills or buy into partnerships.
The Roll-up Bridge product has no monthly repayments, and fixed interest rolled up until the redemption of the loan. First and second charge rates are available from 7.99% or 0.67% per month. The Serviced Bridge product enables borrowers to repay the interest each month, and the rate is slightly lower at 6.99% or 0.58% per month.
The arrangement fee for bridging loans through Castle Trust is typically 2.25% of the loan amount, and early repayment charges apply for the first three months. Both products have a maximum term of two years, and it is possible to secure structured loans where part of the interest is repaid each month. The remaining interest is rolled up.
Call Trinity Specialist Financial on 020 7016 6151 to secure business funding or a bridging loan