SimplyBiz Mortgages partners with Castle Trust Bank

SimplyBiz Mortgages has announced the addition of Castle Trust Bank to its panel.

The move will allow its member firms access to Castle Trust Bank’s buy-to-let (BTL) funding, bridging and term lending solutions for property investor clients.

Castle Trust Bank provides intermediaries with short and longer-term BTL lending solutions for their clients through its specialist bridging and term products, and the firm also provides development lending.

Its interest-only 10-year term range of mortgages, called TermTen, features up to 75% LTV, initial fixed rates for two, three or five years and the ability to be linked to the bridging loan to provide a guaranteed exit option at the outset, should it be needed.

Head of SimplyBiz Mortgages, Makayla Everitt, commented: “We are very pleased to add Castle Trust Bank to our panel. Alongside the solutions it brings to the rapidly growing BTL sector, it can also lend across holiday lets, multi-unit blocks, refurbishment and HMOs, and will consider first-time landlords.

“This breadth of offering means Castle Trust Bank delivers real choice for those looking to secure deals for their clients, and we look forward to working closely with its innovative team in the future.”

Castle Trust Bank director of sales, Rob Oliver, added: “We’re delighted that we’ve set up this important partnership with SimplyBiz Mortgages and are looking forward to sharing our comprehensive short and longer-term BTL proposition with even more brokers.”

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