The deal is available with an interest rate of 5.49 per cent.
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, commented: “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.”
