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
- Fist 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
To speak to us about these products you can call on 023 8045 6999 option 2 or submit an enquiry online.