Castle Trust cuts bridging and buy-to-let rates

Castle Trust Bank has announced a series of rate reductions across both its bridging and buy-to-let propositions.

Within its bridging range, Castle Trust has reduced rates across its refurbishment products, with light refurbishment bridging now available at 0.70% per month across all LTV bands, and light refurbishment with drawdown reduced to 0.77% per month.

Heavy refurbishment bridging has been cut to 0.99% per month across all LTVs.

In addition, the lender has reduced rates across its TermTen buy-to-let proposition.

For standard buy-to-let properties, rates are now available at 5.69% up to 70% gross LTV, with rates from 5.74% available at 75% net (77% gross) LTV.

For large HMO investments of up to 15 units, rates are now available from 6.19% up to 75% net (77% gross) LTV.

The new pricing is available for a limited period and applies to cases that complete by the end of August 2026.

Anna Lewis, commercial director at Castle Trust Bank, said: "At Castle Trust Bank, we're committed to helping brokers and their clients access competitive funding solutions across every stage of the property investment journey. These latest reductions across both our bridging and buy-to-let ranges support this commitment by providing greater value for investors looking to purchase, refurbish, refinance or expand their portfolios.

"Combined with our specialist underwriting expertise, flexible lending criteria and award-winning service, these enhanced rates will help more property investors take advantage of opportunities in today's market. With the new pricing available on cases completing by the end of August, now is an excellent time for brokers to explore how we can support their clients' plans."