Castle Trust Bank has launched the first in a series of enhancements to its bridging range, combining new products, reduced pricing, a valuation fee incentive, and changes to case processing.
The bank has introduced new light refurbishment sale exit products, widening the options available to property investors running refurbishment projects where the intended exit is a sale rather than a refinance. Pricing has also been cut across selected light and heavy refurbishment products, though the bank has not published the specific rate movements.
A valuation fee refund of up to £750 on completion is available for eligible light refurbishment cases, offering investors a partial offset against upfront costs on qualifying transactions.
On the process side, dedicated case managers are now aligned to individual underwriters, a structural change the bank says is designed to maintain momentum through the application process and reduce delays.
"Bridging is a market where speed, flexibility and certainty can make a real difference, so we are continually looking at how we can make our proposition work harder for brokers and their clients," said Anna Lewis, commercial director at Castle Trust Bank (pictured).
"These latest enhancements combine greater product choice and more competitive pricing with a valuable incentive and further improvements to the way we process cases. Aligning dedicated case managers with our underwriters will help us maintain momentum throughout an application and provide brokers with the support they need to get cases moving quickly.
"There's a lot to talk about across the new range, so I'd encourage brokers to speak to their BDM about the changes and discuss how we can support their individual cases. And we're not stopping here. We have more enhancements in the pipeline that we look forward to sharing soon."
