Castle Trust launches new bridging product
Castle Trust

Castle Trust launches new bridging product

Castle Trust has introduced a new unregulated bridging loan product that can be used for first charge buy-to-let cases of up to £1m.

The new offering is available for a flat rate of 0.67% per month.

Terms can be nine or 12 months, with an ERC period of three months.

The loan can be used for refurbishments which do not require planning permission, including those that include building regulations.

Brokers are said to benefit from online submissions and quick illustrations from a dedicated team of bridging specialists.

Marcus Dussard, director of sales for mortgages at Castle Trust (pictured above), said: “We’ve developed a reputation for providing brokers with creative solutions for complex cases, but — as the demand for short-term finance has grown — we’ve recognised that an increasing number of brokers are looking for more straightforward bridging loans for their clients, particularly on refurbishment projects, which are becoming more popular.

“So, we have developed a new product and service proposition that gives them just that: a quick, uncomplicated loan with simple pricing, supported by expert underwriters who understand the market.”

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