Equity loan firm Castle Trust targets accountants

Property investment firm Castle Trust is targeting accountants who need to raise funds to become equity partners with a loan solution which does not require monthly payments.

The Partnership Mortgage product is available to those with at least 40% equity in their home who can release 20% of the value. Castle Trust does not charge rent or interest on the loan, but takes 40% of any increase in value on the sale of the property from the date when the Partnership Mortgage was taken out. If the value of their home declines or stands still, borrowers only repay the original loan amount with no interest at all.

The company says that the accountancy profession represents an attractive and growing market because its analysis of industry figures reveals that pre-tax profits of the top 24 partnership accountancy firms were around £2.2bn last year, with around 60% of firms reporting profit increases.


Castle Trust was set up in October 2012 with £65m of capital from US investment firm JC Flowers & Co with the purpose of delivering innovative products to the UK financial services marketplace. Directors include Sir Callum McCarthy, former chairman of the FSA and non-executive director of HM Treasury.

The lender claims that the Partnership Mortgage reduces monthly outgoings, has no early repayment charges or exposure to rising interest rates, and offers long-term funding with a term of up to 30 years.

Sean Oldfield, CEO of Castle Trust said: 'Even for very successful people, raising capital to invest in an equity partnership can put substantial pressure on household budgets just as other domestic expenses are mounting up.'

Pat Sweet |Reporter, Accountancy Daily [2010-2021]

Pat Sweet was the former online reporter at Accountancy Daily and contributor to the monthly Accountancy magazine, pub...

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