Castle Trust Bank has made rate cuts on both its bridging and buy-to-let (BTL) proposals.
Within its bridging range, the bank has reduced rates on its renovation products, with bridging light renovations now available at 0.70% per month across all loan-to-value (LTV) ranges, and light renovations at a reduction of up to 0.77% per month.
The bridging of heavy renovation work has been reduced to 0.99% per month for all LTVs.
Castle Trust Bank has also reduced rates on its TermTen BTL proposal. For standard BTL properties, rates are now available with a gross LTV of 5.69% to 70%, while rates from 5.74% are available with a net LTV of 75% (77% gross).
For large HMO investments up to 15 units, rates are now available from 6.19% to 75% net (77% gross) LTV.
The new prices are available for a limited period and apply to cases completed by August 31, 2026.
Elsewhere, London Credit has reduced monthly interest rates by up to 8 basis points under its semi-commercial bridging proposal.
The lender’s maximum 70% semi-commercial LTV rate has been reduced from 1.00% per month to 0.92% per month, while rates on lower LTV bands have also been reduced, with prices now starting from 0.80% per month.
London Credit’s semi-commercial bridging products are available for acquisitions, refinancing and investment opportunities relating to properties combining both residential and commercial elements, including retail units with apartments above, mixed-use investments and other semi-commercial assets.
Meanwhile, Harpenden Building Society has launched an expat proposal for its residential, BTL, limited company and holiday rental range.
Fixed rates start from 5.84% and reduced rates start from 5.09%.
The products are available with terms of up to 35 years and a maximum loan amount of £2 million.
The association accepts 80% of labor income in various currencies, including the euro, US dollar and Swiss franc, as well as 70% of labor income in various other currencies, including Canadian and Singapore dollars and Saudi riyals.