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October 02.2025

2 Minutes Read

Castle Trust Bank's Light Refurbishment with Drawdowns: A Game Changer for Investors

Professional woman in office, light refurbishment theme.

Castle Trust Bank Introduces Innovative Light Refurbishment Product

Castle Trust Bank has recently unveiled a new light refurbishment product that includes a drawdown facility, aimed at facilitating property development under Permitted Development Rights (PDR). This product caters to investors involved in the conversion of properties into smaller Houses in Multiple Occupation (HMOs), as well as those undertaking minor renovations such as kitchen and bathroom upgrades or rewiring.

Flexible Financing for Property Investors

One of the major advantages of this new offering is the ability for borrowers to access their funds through staged drawdowns. This enables clients to only pay interest on the actual amounts they withdraw, rather than the total amount available to them. Each drawdown permits a minimum withdrawal of £25,000, and the maximum works cost for a project can be up to £500,000. This flexibility allows for more efficient cash flow management, which is critical in the ever-changing property market.

What Investors Need to Know

Castle Trust Bank's commercial director, Anna Lewis, highlights the increasing demand for drawdown facilities, particularly noting that the efficient use of capital can benefit smaller schemes just as much as larger projects. The Light Refurbishment with Drawdowns product is positioned to give investors more confidence in taking on diverse projects. With an available limit of 75% net loan-to-value and options for purchases below market value, the product aligns well with current investment strategies prevalent in today’s real estate landscape.

Conclusion: A Step Forward for Property Development

This new offering from Castle Trust Bank signals a progressive shift in financing options available to property developers. The ability to draw down funds as needed not only reduces the burden of interest payments but also opens doors for a wider range of investment opportunities, catering to both individual investors and broader financial institutions.

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Castle Trust Bank's Light Refurbishment with Drawdowns: A Game Changer for Investors

Castle Trust Bank Introduces Innovative Light Refurbishment Product

Flexible Financing for Property Investors

What Investors Need to Know

Conclusion: A Step Forward for Property Development

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