The bank will continue to apply the offer to all DIPs on term products issued by the close of business on 31st December.
This includes its BTL proposition, where a term plan is used for the exit route.
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Barry Searle, managing director of mortgages at Castle Trust Bank (pictured above), said: “In an uncertain environment, everybody wants certainty — and we’ve seen huge demand for the certainty that we can offer at Castle Trust Bank.
“The 0.25% rate discount has proven really popular, but pleasingly our robust systems and processes, mean the significant increase in demand hasn’t impacted our ability to deliver a 48-hour service.
“So, to end a difficult year on a positive note, we’ve decided to extend the offer to the end of December to give brokers the opportunity to get the discount tied in on a case before the end of the year.”
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