Castle Trust

We are very excited to tell you about this exclusive 5 year fixed rate from Castle Trust, renowned for their lending in the specialist arena. 

Typically they win business by lending to first time landlords, using our exclusive lower 5 year fixed rate improves affordability. Another benefit is it comes with TWO year ERC. This first step on the investment property ladder provides the client with valuable experience & the ability to remortgage onto a lower rate after just two years. 

Here are just some more USP’s:
  • Ex-pat & foreign nationals
  • Complex limited company structures
  • New builds & developments
  • First time landlords
  • First time HMO landlords
  • First time holiday lets
  • Will use holiday let income, not AST
  • MUB’s on one title
  • No min income, no max age
The 5 Year fixed exclusive is lower than their core range & offers the following:
  • 4.50% fixed for 5 Years
  • Up to 75% LTV purchase or remortgage
  • Only 2 year ERC, 5% in Yr1 & Yr2
  • 2% arrangement fee (added to loan to max of 75%LTV)
  • ICR – 4.50% @ 125% basic rate/Ltd Co or 145% higher rate
  • Loans £150,000 to £2m

Castle Trust delivers innovative, bespoke solutions to meet a broad range of customer needs, with first and second charge loans and the option to roll-up some or all of the interest.

Products are available to buy to let investors, entrepreneurs and high net worth individuals including ex-pats and foreign nationals. It can also lend to corporate borrowers including SPVs, trusts and trading companies.

With the risk appetite to do interesting things and the expertise to ask the right questions. If it makes sense, Castle Trust will find a way.

Buy to Let

Landlords who want to realise greater value from their investment, refinance existing borrowing or raise capital. Lending is available for any legal purpose, including:

  • Holiday lets
  • Multiple properties on a single title
  • Student lets – including purpose built
  • Portfolio loans
  • Property refurbishment

Self-employed

Entrepreneurs who want to raise capital on their residential property to use for business investment. Funds can be used for:

  • Purchasing a business
  • Investing in business growth
  • Purchasing premises
  • Buying into a partnership
  • Tax bills

High Net Worth

Applicants who meet the high net worth test* as defined by the Financial Conduct Authority (FCA) and are looking to release capital from their home. Lending is available for any legal purpose, including:

  • Property investment
  • Building work
  • Bridging refinance
  • Gifted equity – Bank of Mum & Dad
  • Tax planning

*The FCA definition of high net worth is a customer with an annual net income of no less than £300,000 or net assets of no less than £3,000,000. Subject to compliance with regulatory requirements. Please note that an APRC is generated as part of the application process.

Bridge to Let Feb 2021

 

Bridge To Let (Guaranteed Exit)

Term 10

Bespoke

Term

9 Months

10 Years

3-5 Years

ERC Period

3 Months

2 Years

3 Years

5 Years

2-5 Years

Rate from

0.67% pcm

3.94%

4.14%

4.34%

5.29%

Arrangement Fee

2%

2.25%

Max LTV

75%

Max Asset Value

£4m

£15m

Max Loan

£2m

£10m

Minimum Loan

£50k

£50k

First Time Landlord

Yes

First Time Buyer

No

Ex-Pat/Foreign National

Yes (Must have existing UK serviced Mortgage history in the last 3 years)

Refurb

Yes (light, no planning or building regs)

No

LTD Co? (Inc offshore)

Yes

Holiday Let

Yes

Portfolio

Unlimited

Multi-Unit Block

Yes

HMO

Yes (Over 6 beds by referral)

Above Commercial

Yes (By referral)

Student Accommodation

Not at the moment

 

 

 

USP’s

  • 80% LTV ON REFURB BRIDGES
  • FIRST TIME LANDLORDS
  • FIRST TIME HMO
  • FIRST TIME HOLIDAY LET
  • MUB’S ON ONE TITLE
  • LARGE PORTFOLIOS
  • NO MINIMUM INCOME
  • NO MAX AGE
  • WILL USE HOLIDAY LET INCOME, NOT AST, FOR HOLIDAY LET DEALS
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