Castle Trust Bank launches 48-hour refinance completions

Castle Trust Bank has launched a new fast-track service that commits to completing on a loan within 48 hours of issuing an offer.

The service, which is available on bridging and term refinance applications, leverages Castle Trust Bank’s use of dual legal representation, title insurance, and digital documentation through DocuSign.

The new initiative is designed to further streamline the property finance process, giving investors and landlords access to rapid completions where speed is essential. 

To qualify for the 48-hour completion service, applications must be refinances only, be dual representation with Russell Cooke, qualify for title insurance, have a valid valuation and an up-to-date redemption statement, and be able to have all qualifying documentation signed via Docusign.

The launch of the fast-track completions service follows a series of enhancements by the Bank, which earlier this year announced that it had restructured its operations to introduce a dedicated bridging underwriting team, grown its underwriting and sales teams and introduced ‘no search’ indemnity insurance on heavy refurb cases as standard.

Anna Lewis, commercial director at Castle Trust Bank, said: “Speed and certainty are just as important between offer and completion as pre-offer and our new 48-hour refinance completion service commits to delivering both. It’s a perfect example of how we’re using smart processes and trusted partnerships to make a real difference to brokers and their clients.

“We’ve already proven that we can move from offer to completion in just nine hours when all the right conditions are met. Now, with this new service, we’re offering brokers a clear and dependable route to fast-track refinance, committing to a 48-hour turnaround without compromising on diligence or service.”