2. Find out more 0845 241 0252*www.castletrust.co.uk
Suitable clients
Key benefits for buy to let clients
• No monthly payments and no additional stress test
• Helps expand a portfolio
• Light refurbishment option
• No minimum income
• No maximum age requirement
• No need to disturb an existing loan (when a 2nd charge loan)
• 2nd charge can be a viable alternative to a remortgage
High net
worth clients*
Clients who want
to raise capital
for business
purposes*
Buy to let
clients who want
to raise capital
for light refurb
Key benefits for owner occupied clients
• No monthly payments – so no additional burden on cashflow
• No upper age limit
• Large loans available
• All cases assessed on a case by case basis
• Available to employed, self-employed and retired clients
• Capital can be used to help business expansion
• 2nd charge can be a viable alternative to a remortgage
*Subject to compliance with consumer credit exemptions
Buy to let
clients who want
to expand their
portfoliosSuitable clients
3. Find out more 0845 241 0252*www.castletrust.co.uk
Innovative Mortgage Solutions
with no monthly payments
Our products provide an innovative solution for raising capital for your clients. On all our products
there are no monthly payments giving your clients greater flexibility over their cashflow.
Did you know?
Expat borrowers are acceptable
We lend on single properties and portfolios
Limited companies are acceptable
HMOs are acceptable in principle
Clients can use the products for Let to Buy
Company lets are acceptable
Capital raised can be used for light refurbishment for BTL properties
No monthly
payments
First or second
charge for
buy to let loans
Second charge
only for owner
occupier loans
No minimum
income
2nd £
1st £
No maximum
limit on
applicant age
2nd £
4. Find out more 0845 241 0252*www.castletrust.co.uk
Flex Mortgage Range
How it works
Fixed rate
of interest
calculated at
the outset
During the term,
no monthly
repayments
are made
At maturity
or redemption initial
loan is repaid plus
a rolled up interest
Interest is
calculated daily
and compounded
monthly
Secured via a
second charge
(first charge available
on BTL only)
Key Details
• Rates from 6.89%
• ERC periods start from just 6 months
• Loans up to 5 years
• 1st charge - borrow up to 65% of the property value
• 2nd charge (combined including any 1st charge mortgage) – varies
up to 80% LTV (including any rolled up interest) determined on a case
by case basis
Product Range Overview
Flex 6 - Rates from 8.89% with ERC period of 6 months
Flex 12 - Rates from 7.89% with ERC period of 12 months
Flex 24 - Rates from 6.89% with ERC period of 24 months
New Product - Flex Refurb to Let
Light Refurbishment on a buy to let property to increase its value or rental yield
Rates from 6.59% with no ERC period
Loan term of 12 months
Redemption Fee of 2%
5. Find out more 0845 241 0252*www.castletrust.co.uk
Flex Mortgage Examples
Example 1 (Flex 6) – Clearing bridging finance
Fixed rate* of 9.88% with an ERC period of 6 Months (5%)
Total Repayment: £304,372
Example 2 (Flex 12) – Raise capital for expats
Fixed rate* of 8.88% with an ERC period of 12 Months (5%)
Total Repayment: £298,392
Example 3 (Flex 24) – HMO solution
Fixed rate* of 6.89% with an ERC period of 24 Months (5%/5%)
Total Repayment: £286,823
Flex Refurb to Let
Light Refurbishment on a buy to let property to increase its value or rental yield
Loan Term: 1 Year Only
Fixed rate 6.59% with no ERC period
Total Repayment: £271,982
*Interest calculated daily, compounded monthly
Property value: £500,000
Loan amount with Castle Trust: £250,000
(50% of the property value)
Monthly payments: £0
Loan Term: 2 Years
6. Find out more 0845 241 0252*www.castletrust.co.uk
Index Profit Share Mortgage Range
How it works
During the term,
no monthly
payments
are made
Repayment is a profit share linked
to any growth in the Halifax House
Price Index (subject to a
Minimum Repayment Amount)
Profit share + initial loan
amount are repaid at the end
of the term or at redemption
Secured via a
second charge
(first charge available
on BTL only)
Key Details
• Loan term of 3 and 5 years
• 1st charge - borrow up to 50% of the property value (higher proceeds
may be obtained on IPS 100)
• 2nd charge (combined including any 1st charge mortgage) – varies
up to 79% LTV (including any rolled up interest) determined on a case
by case basis
Profit Range Overview
IPS 100 – Lower profit share combined with a fixed rate of interest
which is rolled up to redemption (subject to a 2% Maximum
Repayment Amount)
IPS 200 – solely based on profit share (subject to a 5% Maximum
Repayment Amount)
£
+£0
7. Find out more 0845 241 0252*www.castletrust.co.uk
Index Profit Share Mortgage Examples
Example 1 (IPS 100)
Expanding your clients portfolio – equity used to buy an additional investment property
Repay Initial Loan £375,000
+ +
Profit share* PLUS 5% p.a. fixed rate £162,510
(£375,000 x (1 x 15%) PLUS £106,260) ________
Total Repayment: £537,510
*Profit share: Castle Trust loan multiplied by 1 x the growth in the Halifax House Price Index (as a %).
Example 3 (IPS 200)
Rental calculation problems – able to release equity with no additional stress test on
the rental income on the Castle Trust loan
Repay Initial Loan £375,000
+ +
Profit share* £112,500
(£375,000 x (2 x 15%)) ________
Total Repayment: £487,500
*Profit share: Castle Trust loan multiplied by 2 x the growth in the Halifax House Price Index (as a %).
Property value: £750,000
Loan amount with Castle Trust: £375,000
(50% of the property value)
Index Increases: 15%
Monthly payments: £0
Loan Term: 5 Years
8. Find out more 0845 241 0252*www.castletrust.co.uk
M369_10/15
Loans are subject to status, terms and conditions. Your client’s property may be repossessed if they do not keep up repayments on a mortgage or any other debt secured on it.
Castle Trust | Belvedere House, Basing View, Basingstoke, RG21 4HG | www.castletrust.co.uk
Castle Trust is the trading name of Castle Trust Capital plc (Company no. 07454474) and Castle Trust Capital Management Limited (Company no. 07504954). Castle Trust
Capital plc and Castle Trust Capital Management Limited are registered in England and Wales. Registered office: 10 Norwich Street, London , EC4A 1BD. Castle Trust Capital
plc and Castle Trust Capital Management Limited are authorised and regulated by the Financial Conduct Authority. Most Buy to Let mortgages are not regulated by the
Financial Conduct Authority. *Calls cost 4p per minute plus your phone company's access charge. Calls from a mobile will cost 4p per minute plus your phone company’s
access charge. All calls are recorded for training and quality purposes.
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