Stroud & Swindon, the 15th largest Building Society in the UK, has today unveiled five new products in its buy-to-let range, including a ‘best buy’ two-year fixed rate mortgage at 5.29%. 
 

As these new deals include two, three and five year fixed rate mortgages as well as a flexible term tracker and a three year discount mortgage, landlords have a wide selection of products to choose from.   All of these deals are available via Stroud & Swindon’s website (www.stroudandswindon.co.uk), branches, telephone or intermediaries.

Paul Chafer, Sales and Marketing Director of Stroud and Swindon Building Society comments:

“With the recent base rate rise, many landlords are looking around to find the best mortgages for their investments.  Therefore we are delighted, to offer these five new buy-to-let products, which should provide most landlords with the solution they are looking for. 

“The two-year fixed rate mortgage is a ‘best buy’ good product and we expect this to be popular.  We also hope to offer our customers maximum flexibility with these mortgages by giving them the option of paying off the first 25% of the loan without being incurring any early redemption charges.”

To locate your closest branch visit www.stroudandswindon.co.uk or call 0800 618161

- ENDS –

Paul Chafer
Sales and Marketing Director
Stroud & Swindon
01453 757011

Lee Blackwell / Brian Thorn / Karen Butcher
The Wriglesworth Consultancy
020 7845 7900

 

 

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.
 

Buy-to-let 2-year Fixed Rate Mortgage:

• Available via Stroud & Swindon Branches, direct, intermediaries and via the internet (www.stroudandswindon.co.uk).
• Fixed at 5.29% until 31/05/09.
• Moves to 0.5% Discount from BTL SVR at end of period.
• Maximum loan to value (75%).
• Early redemption charge of 2%.
• Minimum loan size of £30,000 and maximum of £250,000, increasing to £500,000 for 3 properties.
• £249 reservation fee and £750 completion fee.
• Free legals and free valuation for remortgage.
• The mortgage is available to purchasers as well as those wishing to remortgage.

Buy-to-let 3-year Fixed Rate Mortgage:

• Available via Stroud & Swindon Branches, direct, intermediaries and via the internet (www.stroudandswindon.co.uk).
• Fixed at 5.85% until 31/05/10.
• Maximum loan to value (75%).
• Moves to 0.5% Discount from BTL SVR at end of period.
• Early redemption charges of 3%.
• £249 reservation fee and £750 completion fee.
• Free legals and free valuation for remortgage.
• The mortgage is available to purchasers as well as those wishing to remortgage (including existing Stroud & Swindon customers).
• Minimum loan size of £30,000 and maximum of £250,000, increasing to £500,000 for 3 properties.

Buy-to-let 5-year Fixed Rate Mortgage:

• Available via Stroud & Swindon Branches, direct, intermediaries and via the internet (www.stroudandswindon.co.uk).
• Fixed at 6.15% until 31/05/12.
• Maximum loan to value (75%).
• Moves to 0.5% Discount from BTL SVR at end of period.
• Early redemption charges of 5%, moving to 4% in final year.
• £249 reservation fee and £750 completion fee.
• Free legals and free valuation for remortgage.
• The mortgage is available to purchasers as well as those wishing to remortgage (including existing Stroud & Swindon customers).
• Minimum loan size of £30,000 and maximum of £250,000, increasing to £500,000 for 3 properties.

Buy-to-let Flexible Term Tracker Mortgage:

• Available via Stroud & Swindon Branches, direct, intermediaries and via the internet (www.stroudandswindon.co.uk).
• Fixed at 0.89% above the BOE base rate to term of the product.
• Maximum loan to value (75%).
• No early redemption charge.
• £799 completion fee.
• Discounted legals and free valuation available on remortgages.
• Minimum loan size of £30,000 and maximum of £250,000, increasing to £500,000 for 3 properties.
• The mortgage is available to purchasers as well as those wishing to remortgage (including existing Stroud & Swindon customers).

Buy-to-let 3-year discount mortgage:

• Available via Stroud & Swindon Branches, direct, intermediaries and via the internet (www.stroudandswindon.co.uk).
• Fixed at 2.20% discount from the BTL SVR until 31 May 2010, then BTL SVR minus 0.5% for remaining term of product.
• Maximum loan to value (75%).
• Early redemption charge of 3%.
• £799 completion fee.
• Minimum loan size of £30,000 and maximum of £250,000, increasing to £500,000 for 3 properties.
• Free valuation and free legals available on remortgage.
• The mortgage is available to purchasers as well as those wishing to remortgage (including existing Stroud & Swindon customers).