Castle Trust Bank has reduced rates on all its term products by 0.25 per cent, but this price cut will apply only for November.

This reduction will apply to all decisions in principle that are issued until the close of business on 30th November.

It will see the price reduced on the bank’s recently launched buy-to-let products (up to 75 per cent LTV), as well as its bridge to let proposition, where a term plan is used for the exit route. 

The lender currently offers buy to let mortgages to UK residents, ex-pats, foreign nationals, SPVs and trading companies, with loans available for a variety of investments, including holiday lets, HMOs, portfolio loans and property refurbishment. 

Castle Trust Bank managing director of mortgages Barry Searle says that this limited period discount is designed to help investors make the most of current opportunities in the housing market, which he said remained “open for business despite” the second lockdown.