Stroud & Swindon Launches New Buy-to-Let Product at 5.49%
Stroud & Swindon, the UK’s 15th largest Building Society, today announces the launch of a new buy-to-let two-year fixed-rate mortgage with an attractive interest rate of 5.49%.
The new product is available via the website (
www.stroudandswindon.co.uk), Stroud & Swindon branches, telephone and intermediaries. The mortgage is fixed until May 2009 and when the offer ends the rate moves to a 0.5% discount from the buy-to-let standard variable rate.
There is a maximum loan to value (75%) and early repayment charges of 2% until 31 May 2009, as well as a completion fee (£1250) and a reservation fee (£249).
Paul Chafer, Sales Director of Stroud & Swindon Building Society, comments: “Many landlords are coming to the end of their mortgage deals that they took out three years ago and looking for another excellent fixed rate product. We believe that this new two-year deal will offer these landlords the security they need without tying them into a potentially inflexible long-term mortgage product.”
For further information please contact the Customer Service Centre on 0845 7045 012.
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Buy-to-let 2 year fixed Mortgage:
- Mortgage available via Stroud and Swindon branches, telephone, Stroud and Swindon website (www.stroudandswindon.co.uk) and intermediaries.
- Fixed at 5.49% until 31 May 2009 and then moves to 0.5% discount from BTL SVR.
- Maximum loan to value (75%).
- Early repayment charge of 2% until 31 May 2009. Completion fee (£1250)
- Minimum loan (£30,000) and maximum loan (£250,000) on property purchase.
- Minimum loan (£30,000) and maximum loan (£250,000) on property remortgage. Maximum loan (£1,000,000) on portfolio.
- House purchase customers are subject to valuation and solicitor’s fees. Remortgaging customers can take advantage of free valuation (up to £600,000) and free solicitors fees provided the Societies solicitors are used.
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:
About Stroud & Swindon Building Society:
Stroud & Swindon is the 15th largest building society in the UK with assets in excess of £2.5 billion. The Society operates through a dedicated team of intermediary business development managers, with a branch network of 22 offices in the South West, complemented by a direct call centre based in Stroud and website
www.stroudandswindon.co.uk.