Castle Trust Bank’s standard bridge products up to 70% LTV gross are now available at 0.75% per month, reduced from 0.85%, with no time limitations to qualify for these rates.
Earlier this year, the bank introduced ‘Bridge the Gap’ for borrowers nearing the end of their current fixed rate or bridging loans.
“Castle Trust Bank’s market-leading bridging range has gone from strength to strength since its launch, particularly with the introduction of Net LTV calculations on our specialist light and heavy refurb products, which allow fees and interest to be added above the maximum LTVs,” said Anna Lewis (pictured), commercial director at Castle Trust Bank.
“We’re delighted to now be able to make the range even more attractive to property investors, with this round of special edition pricing in the key 70% to 80% LTV band, together with other rate reductions at lower LTVs.”
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