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    • Sep 15
    • 1 min read

New 10-year holiday let mortgage from Castle Trust Bank


Castle Trust Bank holiday let mortgage

Castle Trust Bank has unveiled a ten-year product that can be used for a range of applications, including holiday let mortgages (writes Howard Reuben, Principal, HCH Financial Services).


The loan is available on an interest-only basis, with a fixed rate for five years.

Here are the key details of the product:


  • Five-year fixed rate at 6.39%

  • 3% lender arrangement fee

  • Booking fee / commitment fee: 0.07%


Castle Trust Bank has experience of lending to complex ownership structures and portfolio landlords who are looking to re-leverage assets or refinance into a limited company.

Their products include:


  • Aggregated value on blocks of flats up to 20 units

  • 10-year term

  • Fixed rate for five years

  • Minimum loan: £200,000

  • Maximum loan: £5 million

  • Maximum LTV 77% gross (loan plus fees)

  • Interest-only payments

  • Product fees can be added to the loan

  • Affordability based on holiday let income, not AST


Castle Trust Bank differs from many lenders because it will also consider applications from:


  • Portfolio landlords

  • Buy to let investors

  • First-time buyers/landlords

  • Complex structures

  • Limited companies and individuals

  • Expats

  • Foreign nationals (loans over £500,000 with a mortgage track record)


This is a real solution – especially for portfolio property investors who manage a corporate holiday let business, and whose only outlet so far has been commercial banks at higher rates and fees.


For details, contact the HCH Financial Services team today:


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