Finance available: Buy to let mortgages.
Access: Castle Trust operates via a select panel of strategic partners, offering second charge loans to buy to let landlords.
Buy to let mortgages: Castle Trust offers second charge loans via either an equity share or interest-charged structure. Essentially these loans are used to help landlords gear up their buy to let borrowing to 85% LTV, without disturbing their existing mortgage. We would approach this lender if a private landlord client was looking to raise capital and grow their portfolio quickly. Castle Trust does not impose any minimum income requirements and there are no monthly repayments.
From the 1st October when the PRA underwriting standards come into effect Castle Trust will require brokers to complete a new portfolio landlord statement for clients who own four or more mortgaged properties. The new portfolio landlord statement will include the following: an asset liability statement, a property schedule and a business plan.
For more information on how this type of finance works and what types of fees are involved take a look at our interview with Matthew Wyles, Board Adviser at Castle Trust.
To access this lender call The Deal Placement Team on 0345 148 9238 now.
Lenders change their criteria on a regular basis, so this page should be used as a guide only. We will do our best to keep it up to date.
Last updated: 19/11/2018
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