Castle Trust

Relationship to Primetime Retirement: Investment Fund provider

Background

Castle Trust is a specialist UK investments and mortgage provider with its executive headquarters in the City of London, and an administration centre in Basingstoke, Hampshire. It now employs over 200 people in the UK. Launched in October 2012 Castle Trust’s principal shareholder is leading US private equity firm, J.C. Flowers & Co. which currently manages circa US$6 billion in assets across 17 countries.

Castle Trust’s mortgage loans are predominantly secured on residential property. Approximately 65% of the mortgage book comprises of buy to let finance with the balance secured on the homes of high net worth clients and entrepreneurs.

Castle Trust recognise that traditional solutions don’t work for many mortgage customers. Customers can often have high quality assets but unconventional income, and so find it difficult to borrow at reasonable rates and on sensible terms. What experienced buy to let investors, high net worth individuals and business owners need is a lender that recognises cash flow and net worth are not the same thing. They need a lender that is flexible in how interest is serviced, and that has the risk appetite to go where other lenders won’t venture. Castle Trust is that lender.

In early 2017, Castle Trust acquired 100% of Omni Capital Retail Finance which offers point of sale finance and helps SME retailers provide their customers with the ability to pay for products and services in monthly instalments. As at 31 March 2017, Castle Trust’s total loan book had grown to £449.4 million funded by a retail investment base of £454.7 million. Just over £400m of these loans were mortgages.

Castle Trust’s retail investment products are typically fixed rate bonds with terms of between one and five years. We aim to pay higher rates than the best deals offered by deposit takers (such as banks and building societies), so clients can feel confident that our pricing will be consistently competitive.

 

Product background

Castle Trust’s retail investment products are typically fixed rate bonds with terms of between one and five years. They aim to pay higher rates than the best deals offered by deposit takers (such as the banks and building societies), so their customers can feel confident that their pricing will be consistently competitive.

Castle Trust is authorised and regulated by the Financial Conduct Authority, and is a participant in the Financial Services Compensation Scheme.

More information about the Fortress Bond can be found at www.castletrust.co.uk/investments

More information: www.castletrust.co.uk

Legal and Regulatory Status

Castle Trust is the trading name of Castle Trust Capital Management Ltd, which is authorised and regulated by the Financial Conduct Authority. Registered in England & Wales Company number 07504954. Registered office: 10 Norwich Street, London EC4A 1BD