Castle Trust Bank has simplified its range of HMO and holiday let mortgages as part of a wider overhaul of its specialist buy-to-let (BTL) offering.

As part of the revamp, the lender has removed the loading on its HMO and holiday let mortgages, and announced a cut to rates that now start at 3.82%.

Castle Trust Bank has also cut the price of its bridge-to-let product, with the bridging rate available for 0.67% per calendar month up to 80% LTV.

Furthermore, the lender has also launched a new BTL exclusive available for 3.95% up to 70% LTV. This will be be available through selected partners, including Brightstar Financial, Brilliant Solutions, Commercial Trust, Crystal Specialist Finance, First 4 Bridging, SPF, Sirius, Synergy Commercial, Watts Commercial and Vibe Financial Services.

The lender is also continuing its exclusive five-year fixed rate product, with a two-year ERC, priced at 4.5%. The partners this offering is is available through include Brightstar Financial, Commercial Trust, Complete FS, Crystal Specialist Finance, First 4 Bridging, Positive Lending, Rangewell, SPF, Sirius, Synergy Commercial, The BTL Broker, Watts Commercial, Vibe Financial Services and Yellowstone Finance.

Castle Trust Bank sales director, Rob Oliver, commented: “It’s now more than a year since we became a bank, and one of the many advantages is that it gives us greater flexibility in our product development and pricing.

“We have already seen the popularity of our HMO, holiday let and bridge-to-let products amongst brokers and we hope to make them even more attractive to a wider group of customers, with even keener pricing. We are also continuing to support our distribution partnerships with a new BTL exclusive available up to 70% LTV and the continuation of our five-year fixed rate exclusive with a two-year ERC.”

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