The new, unregulated offering now includes separate ranges for bridging and BTL.

Featuring specialist products for heavy refurbishment, light refurbishment and a bridging product, the short-term finance range can be used for chain breaks, quick/auction purchases and development exits.

Loans are available up to 75% LTV on a nine or 12-month term, with rolled-up interest and rates starting at 0.65%.

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Castle Trust Bank’s light refurbishment product is available for works that fall under permitted development, those that require building regulation authorisation, and residential-to-HMO conversions of up to six tenants. 

Replacement windows, decoration, light central heating and electrical work, internal rearrangement, full rewiring and installation of new bathrooms and kitchens can also be carried out using this product. 

This is available up to 80% LTV on a nine or 12-month term, with rolled-up interest and rates starting at 0.67%.

The heavy refurbishment loan can be used where planning permission is necessary, except for ground-up developments.

Anna Lewis, director of proposition and strategy at Castle Trust Bank (pictured above), said: “There is growing demand from investors for straightforward bridging finance that can help them to achieve their desired returns, and we have responded to this demand with the launch of our dedicated bridging proposition, which makes it quicker and easier for brokers to match their clients with the right finance.” 

She added that the company’s proposition is backed by specialist teams with lots of bridging expertise, and they are ready to help brokers find an easy solution for even the most complex of cases.