In the TermTen range, the five-year fixed rate at 75% LTV has been cut to 4.15%. The special rates in this range for the five-year fix of 3.95% up to 70% LTV and also 4.50% up to 75% LTV, with a two year ERC, are being maintained. The cashback offer that was introduced at the end of last year, up to £5,000 cashback plus VAT on valuation fees, has now been extended until the end of April this year. In addition, the lender has enhanced its valuation criteria. All property portfolios are now being assessed on open market value, freehold blocks of up to 20 units are assessed on aggregate market value and those with over 20 units are now assessed on investment block value.
In December, Castle Trust announced the new cashback offer, up to £5,000 cashback plus VAT on valuation fees, offered across the whole product range. from CMB https://commercial-mortgages-broker.co.uk/bridging-finance-news/castle-trust-makes-enhancements-to-product-range/ from https://commercialmortgages2.tumblr.com/post/673005747184009216
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