New Fixed Rate Buy-To-Let Mortgage
Stroud & Swindon, the UK’s 15th largest building society, have launched a new range of very competitive mortgage products.
The two new highly competitive mortgage products include:
- A two-year fixed rate deal at 4.74% until 31 August 2009.
- A one-year discount mortgage at 3.05% below the standard variable rate – currently standing at 4.49%
Both products are available with a loan-to-value ratio of 90% and consumers interested in these mortgages can apply via the company website, Stroud & Swindon Branches or agencies.
These mortgages are available to consumers wishing to purchase a home or to remortgage to the Society from their existing mortgage lender. In addition, consumers who use these products to remortgage their home will have their legal and valuation fees paid by the Society.
Paul Chafer, Sales and Marketing Director, stated:
“We are delighted to be able to offer these new best buy mortgage products, providing our customers with even more excellent deals to choose from."
“With the recent bout of interest rate rises, this is a great time for homeowners to opt for a fixed rate mortgage so they know exactly what their monthly repayments will be for the next two years."
“Alternatively, for those who believe interest rates have peaked and will soon be falling again, our discount mortgage allows consumers to fix their payments below our SVR - allowing for lower repayments as interest rates begin to fall.”
For further information or to locate your nearest Stroud & Swindon Branch, please contact the Customer Service Centre on 0845 7045 012
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For further information please contact:
Paul Chafer
Sales and Marketing Director
Stroud & Swindon
01453 768407
Lee Blackwell / Brian Thorn / Karen Butcher
The Wriglesworth Consultancy
020 7845 7900
Notes to Editors:
Stroud & Swindon is the 15th largest building society in the UK with assets in excess of £2.8 billion. The Society operates through a dedicated team of intermediary business development managers, with a branch network of 22 offices and 20 agencies in the South West, complemented by a direct call centre based in Stroud and website
www.stroudandswindon.co.uk.
- Fixed at 5.09% until 31 August 2009
- Moves to 0.5% discount from the buy-to-let SVR at the end of the fixed rate period
- Maximum Loan To Value of 75% for house purchase and remortgage
- Available through branches, agencies, Stroud & Swindon website and intermediaries.
- Available on house purchase and remortgage
- Valuation fees paid by applicant on application on house purchase
- Free valuation fees are available on remortgages
- Legal fees are payable on house purchase
- Discounted legal fees are available for remortgages
- Subject to completion fees (2.5%)
- No reservation fees
- Early redemption charge of 2% is applicable for the first two years
- Minimum (£30,000) and Maximum (£250,000) loans apply to house purchase and remortgage.
- A maximum loan (£250,000) applies to portfolios and additional borrowing requires a minimum loan of £5,000.
- A minimum purchase price of £75,000 per valuation applies