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Castle Trust Bank launches new BTL deals

Castle Trust Bank has introduced a new range of buy-to-let products available at up to 75% loan-to-value (LTV).

In addition, the lender says that its business development managers will be able to provide instant terms.

The products are offered in two-, three-, and five-year packages for a total term of 10 years, with the remainder of this term on a variable rate.

Two-year rates start at 4.19%, three-years start at 4.39%, while five-years are available from 4.59%. 

Barry Searle, managing director of mortgages at Castle Trust Bank, said:  “These products are available for a fixed rate period, with an automatic switch onto a longer term product, giving investors the flexibility and lending appetite of traditional bridging, but with 10-year terms that can provide them with additional peace of mind.

“We have already seen how popular this combined approach is from the demand for our Bridge to Let proposition and we expect similar demand for this new range.”

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