6859CT Product Guide Brochure AW

Intermediary Product Guide

Innovative mortgages withno monthly payments

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 letclients who wantto 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 letclients who want to expand their

portfoliosSuitable clients


Innovative Mortgage Solutionswith 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 secondcharge for

buy to let loans

Second charge only for owner occupier loans

No minimum income

2nd £1st £

No maximum limit on

applicant age

2nd £


Flex Mortgage RangeHow 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



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%


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%)


Example 3 (Flex 24) – HMO solution

Fixed rate* of 6.89% with an ERC period of 24 Months (5%/5%)


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


*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


Index Profit Share Mortgage RangeHow it works

During the term, no monthly payments are made

Repayment is a profit share linkedto any growth in the Halifax House

Price Index (subject to aMinimum Repayment Amount)

Profit share + initial loanamount are repaid at the endof 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


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) ________


*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%)) ________


*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


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.ukCastle 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 o�ce: 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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6859CT Product Guide Brochure AW

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