Castle Trust Bank and First 4 Bridging have teamed up to release a new semi-exclusive buy-to-let product.

Available at a maximum of 75% LTV, it comes as a five-year fix at 4.50% with a two-year early repayment charge.

The minimum loan size is set at £150,000 and the maximum at £2m. It asks for an arrangement fee of 2%.

The product is for both first-time landlords and portfolio landlords of the individual, sole trader, limited company, LLP and partnership type and can be used for holiday lets, HMOs, portfolio loans and for refurbishment needs.

Castle Trust Bank sales director Rob Oliver says: “When we chose the distributors to offer this semi-exclusive product we wanted to partner with firms that match our own commitment to excellent service, and the team at First 4 Bridging fit the bill.

“We’re looking forward to working together with them to help more property investors unlock even more opportunities.”

And First 4 Bridging director Donna Wells adds: “We are experiencing a huge uplift in activity levels across all areas of the BTL sector as a range of investors continue to take advantage of some favourable market conditions, highly competitive rates and strong service levels, especially from specialist lenders.”