Castle Trust issues 75% BTL products | Mortgage Strategy

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Castle Trust Bank has released a new range of buy-to-let products available at up to 75 per cent.

As well as this, the lender says that its business development managers will be able to provide instant terms.

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

At two-years rates start at 4.19 per cent, and three-years, 4.39 per cent and at five-years, 4.59 per cent.

Castle Trust Bank managing director of mortgages Barry Searle says: “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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