Stroud & Swindon expands BTL

The deals include:

• Buy-to-let 2-year fixed rate mortgage at 5.29% up to 75% loan-to-value (LTV). Moves to 0.5% discount from BTL Standard Variable Rate (SVR) at the end of the period. Early redemption charge of 3% for the first year, dropping to 2% for the final year. There is a £249 reservation fee and £795 completion fee.
• Buy-to-let 3-year fixed rate mortgage at 5.49% up to 75% LTV. Moves to 0.5% discount from BTL SVR at end of period. There is a 4% early redemption charge, with a £249 reservation fee and £795 completion fee.
• Buy-to-let flexible term tracker mortgage at Bank of England Base Rate + 0.99% up to 75% LTV. No early redemption charge and a £795 completion fee.
• Buy-to-let 3-year discount mortgage with a 2.20% discount from BTL SVR up to 75% LTV. Moves to 0.5% discount from BTL SVR at the end of the period. 4% early redemption charge for the first 2 years, 3% for the final year. £795 completion fee.

Paul Chafer, sales director of Stroud and Swindon Building Society, commented: “As part of our new portfolio of mortgages, we are delighted to be able to offer so many new buy-to-let products. With new fixed rate, tracker and discount deals available, our landlords have a wide selection of products to choose from. In addition, all of these mortgages are relatively short-term so if the market does change substantially, property investors can quickly move to more competitive deals.”