Castle Trust Bank has made rate reductions across both its bridging and buy-to-let (BTL) propositions.
Within its bridging range, the bank has lowered rates across its refurbishment products, with light refurbishment bridging now available at 0.70% per month across all loan-to-value (LTV) bands, and light refurbishment with drawdown cut to 0.77% per month.
Heavy refurbishment bridging has been trimmed to 0.99% per month across all LTVs.
Castle Trust Bank has also reduced rates across its TermTen BTL proposition. For standard BTL properties, rates are now available at 5.69% up to 70% gross LTV, with rates from 5.74% available at 75% net (77% gross) LTV.
For large HMO investments of up to 15 units, rates are now available from 6.19% up to 75% net (77% gross) LTV.
The new pricing is available for a limited period and applies to cases that complete by the end of 31 August 2026.
Elsewhere, London Credit has reduced monthly rates by up to 8 basis points on its semi-commercial bridging proposition.
The lender’s maximum LTV semi-commercial rate at 70% has been reduced from 1.00% per month to 0.92% per month, while rates at lower LTV bands have also been lowered, with pricing now starting from 0.80% per month.
London Credit’s semi-commercial bridging products are available for acquisitions, refinancing and investment opportunities involving properties that combine both residential and commercial elements, including retail units with flats above, mixed-use investments and other semi-commercial assets.
Meanwhile, Harpenden Building Society has launched an expat proposition across its residential, BTL, limited company and holiday let range.
Fixed rates will start from 5.84% and discounted rates will start from 5.09%.
The products are available up to a 35-year term and a maximum of £2 million borrowing.
The society will accept 80% of employed income across several currencies including Euro, US Dollar and Swiss Francs as well as 70% of employed income across several other currencies including Canadian and Singapore Dollars and Saudi Riyals.
