Castle Trust Bank has reduced the five-year fixed rate on its TermTen range from 7.49% to 6.39% on loans up to £5m, which can be used for standard BTL, HMOs of up to six rooms, MUFBs and holiday lets.
A booking fee of 0.07% can be used to guarantee the rate of these 10-year term products, as long as the loan completes within 120 days from submission.
Castle Trust has also made changes to its standard, light refurb and heavy refurb bridging ranges, to include both sale and refinance exit options.
Anna Lewis, commercial director at Castle Trust (pictured above), said: “Our new TermTen rate is now extremely competitive, and our ever-popular booking fee option can provide confidence and security regarding the rate while the case being progressed.
“These updates and improvements to our proposition show that we’re listening to brokers and working with them to address the issues being faced by their clients."
