Castle Trust has partnered with commercial specialist Platinum Options to launch an exclusive bridging product available through the distributor’s new bridging and commercial club.
The bridging and commercial club exclusive is available on a nine-month term up to 70% loan-to-value for a flat rate of 0.60%per month and offers a £500 cashback on completion.
Loans are available up to £1m and can be used for all types of refurbishment that do not require planning permission, including permitted developments.
Marcus Dussard (pictured), director of sales for mortgages at Castle Trust, said: “Platinum Options has established a strong reputation for delivering bespoke products for clients who require tailor made solutions and we are delighted to be offering this exclusive product to support its new bridging and commercial club launch.”
Tony Bunting, managing director of Platinum Options, said: “I’m really pleased that Castle Trust is supporting the launch of our new bridging and commercial club with this exclusive product, which combines the insight and experience that Castle Trust has developed over the years with a new, more accessible format, great rate and cashback.
“It’s bound to prove popular and provides brokers with another reason to work with Platinum Options.”
Brokers applying for the exclusive will benefit from Castle Trust’s new streamlined application process, with online submissions and quick illustrations.