Castle Trust Bank has announced that it has cut buy-to-let rates across its TermTen range, alongside a series of reductions to its bridging products covering refurbishment finance.
Buy-to-let rates across the TermTen range
For standard buy-to-let properties, rates now start from 5.69% up to 70% gross LTV, with pricing from 5.74% available at 75% net (77% gross) LTV. For large HMOs of up to 15 units, rates are now available from 6.19% up to 75% net (77% gross) LTV.
The new pricing includes:
- standard buy-to-let properties: from 5.69% up to 70% gross LTV
- standard buy-to-let properties: from 5.74% at 75% net (77% gross) LTV
- large HMOs of up to 15 units: from 6.19% up to 75% net (77% gross) LTV
The reduced buy-to-let rates are available for a limited period and apply to cases completing by 31 August 2026.
Bridging rate cuts for refurbishment projects
Within its bridging range, Castle Trust Bank has reduced rates across its refurbishment products. Light Refurbishment Bridging is now available at 0.70% per month across all LTV bands, while Light Refurbishment with Drawdown has been cut to 0.77% per month. Heavy Refurbishment Bridging has fallen to 0.99% per month across all LTVs.
The revised bridging pricing includes:
- Light Refurbishment Bridging: 0.70% per month across all LTV bands
- Light Refurbishment with Drawdown: 0.77% per month
- Heavy Refurbishment Bridging: 0.99% per month across all LTVs
"At Castle Trust Bank, we're committed to helping brokers and their clients access competitive funding solutions across every stage of the property investment journey," said Anna Lewis, commercial director at Castle Trust Bank (pictured).
"These latest reductions across both our Bridging and Buy to Let ranges support this commitment by providing greater value for investors looking to purchase, refurbish, refinance or expand their portfolios.
"Combined with our specialist underwriting expertise, flexible lending criteria and award-winning service, these enhanced rates will help more property investors take advantage of opportunities in today's market. With the new pricing available on cases completing by the end of August, now is an excellent time for brokers to explore how we can support their clients' plans."
