Castle Trust Capital launches Flex to Buy product

Castle Trust Capital launches Flex to Buy product




Castle Trust Capital has launched a new Flex to Buy mortgage allowing landlords to secure funding ready to be drawn down at short notice.

Castle Trust Capital has launched a new Flex to Buy mortgage allowing landlords to secure funding ready to be drawn down at short notice.

No interest is charged on the product until the funds are drawn and all interest is rolled up and paid at redemption.

The facility starts at £250,000 and goes up to £5m, although higher funding is available through negotiation.

Matthew Wyles, Executive Director, said: “Landlords can create a lot of value by being able to move quickly on a purchase.

“The Flex to Buy product gives active investors an ability to sign contracts at the drop of a hat, secure in the knowledge that they have committed funding already in place.”

The condition of the property being acquired is irrelevant because the Flex to Buy product is secured on existing assets.

The facility can also be renewed annually if required.  

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