Castle Trust Bank has launched a simplified bridging proposition, which will now include separate buy-to-let products.

Its bridging range – supported by dedicated sales, underwriting and processing teams – features specialist products for heavy refurbishment, light refurbishment and a product that can be used for chain breaks, quick purchases, auction purchases and development exits.

The range is available at up to 75% loan-to-value on a nine or 12-month term, with rolled-up interest and rates starting at 0.65%.

The lender’s light refurbishment product is available for work that falls under permitted development, work that requires building regulation sign-off, residential to houses in multiple occupation conversions up to six tenants and decoration.

It also applies to replacement windows, light central heating and electrical work, internal reconfiguration, full rewiring, and installation of new bathrooms and kitchens. These loans are available up to 80% LTV on a nine or 12-month term, with rolled-up interest and rates starting at 0.67%.

It says the heavy refurbishment product can be used where planning permission is necessary, although not on ground-up developments.

Castle Trust Bank director of proposition & strategy Anna Lewis says: “There is growing demand from investors for straightforward bridging finance that can help them to achieve their desired returns and we have responded to this demand with the launch of our dedicated bridging proposition, which makes it quicker and easier for brokers to match their clients with the right finance.

“Our proposition is supported by specialist teams with a wealth of bridging expertise, who are on-hand to help brokers find an easy solution for even the most complex of cases.”