Castle Trust are introducing a lower LTV bracket across bridge standard, light and heavy refurb products.
- Bridge standard – we are lowering the rate by 10bps to 0.75% up to 70% gross – arrangement fees and proc remain unchanged.
- Bridge Light – 65% LTV net now at 0.75% – arrangement fees and proc remain unchanged.
- Bridge Heavy – 65% LTV net rate at 0.80% – arrangement fees and proc remain unchanged.
In addition……….
We have launched a Special Edition product guide for our light and heavy refurbishments products.
This is for NEW business only and the deal MUST complete by the end of July otherwise the loan will be repriced, and new terms will need to be issued using the standard bridge pricing product guide.
New Rates – Light Refurb product:
65% LTV NET – 0.75%
70% – 80% LTV NET new rate 0.80% – current rate 0.85%
All fees and proc fees remain unchanged.
New Rates – Heavy Refurb product:
65% LTV NET – 0.80%
70% – 80% LTV new rate 0.90% – current rate 0.95%
We can also consider BMV transactions, on refurb projects – up to 90% net day 1 loan amount!!
Please feel free to contact me to discuss any enquiries you may have.