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Castle Trust Loans

Express Service

The Express service has been specifically designed for clients who need a rapid completion. Loans available on the Express Service from £15000 to £500000

Flex Express offers short term finance to experienced buy to let landlords who need an accelerated application – When buying at an auction for example. The process is designed for landlords who wish to raise capital quickly.

All Express applications will be seen immediately by a Castle Trust senior member of the underwriting team, who will remain the key contact throughout the application process to ensure a quick completion.

The Express Service is available on the Flex and Max mortgage ranges.

A Loan with No Monthly Repayments

The Flex Mortgage is a second charge loan (first charge available on buy to let) that provides a range of fixed rates to suit different circumstances.

There are no monthly payments – Instead, at redemption you will repay the initial loan plus all rolled-up interest calculated using the applicable fixed rate. All fixed rates are calculated on a case by case basis and will be dependent on a range of factors, such as term and Loan to value..

The Express Service Mortgage Range- Flex Express & Max Express are designed for:

+ Experienced Buy to let clients

Flex Express Mortgage Range products:

FLEX 3, 12 and 24

  • Flex 3: This offers shorter term finance as an alternative to a conventional bridging loan. With a fixed rate for a 1 or 2 year term. A minimum 3 months interest payment applies if redeeming during the first 3 months only.
  • Flex 12: A fixed rate for a 1 or 2 year term with a 5% Early Repayment Charge that only applies in the first 12 months.
  • Flex 24: A fixed rate for a minimum term of 2 years and a maximum term of 5 years with a 5% Early Repayment Charge that only applies in the first 24 months. The Flex 24 has a lower interest rate than Flex 3 and Flex 12

With this product you can borrow up to 80% of the property value including rolled up interest determined on a case by case basis.

This unique product is designed to help you raise capital on your property, which can be used for a number of legal purposes including:

  • If you are a landlord, it can help you expand your portfolio
  • To invest into your business
  • To help buy a second home

A pre-determined rate of interest is set at the outset of the loan with interest rolled up to the end of the term where it is paid along with the initial loan amount. Each loan is bespoke and interest rates are based upon the loan to value and term of the loan.

What else do you need to know?

  • You must repay the loan by the end of the term. If you have not repaid the loan by the end of its term and either do not have sufficient savings or are not able to arrange another mortgage, then you will need to sell your property.
  • The cost of the loan may be significantly more than a traditional mortgage.
  • An Early Repayment Charge is applicable and will be detailed on your loan illustration document

The Express Service is available on the Flex and Max mortgage ranges.

Please also ensure that you read the Pre-Sales Loan Illustration should you decide to apply for a Express Service Flex or Max Mortgage.

For more information please contact one of our Castle Trust accredited Mortgage Brokers.

Disclaimers:
Loans are subject to status, terms and conditions. Your property may be repossessed if you do not keep up repayments on a mortgage or any other debt secured on it.
Castle Trust is the trading name of Castle Trust Capital plc, which is authorised and regulated by the Financial Conduct Authority.
Registered in England & Wales. Company number 07454474. Registered office: 10 Norwich Street, London EC4A 1BD.
Most buy to let mortgages are not regulated by the Financial Conduct Authority

Castle Trust Express ServiceXpress Mortgages