S&S launches range

Included within the range are three short-term fixed rate mortgages:

• Full status two-year fixed rate mortgage at 5.39 per cent
• Full status three-year fixed rate mortgage at 6.19 per cent
• Self-cert three-year fixed rate mortgage at 6.25 per cent

All of the residential products are available exclusively through intermediaries and have a maximum loan-to-value of 90 per cent for full status and 85 per cent for self-cert. In addition, all three products offer free valuations for remortgage and house purchase and there is no Higher Lending Charge.

Paul Chafer, sales and marketing sirector at Stroud & Swindon, commented: “Rising interest rates have left many consumers facing a steep increase in monthly payments – especially those who are coming to the end of their fixed rate mortgages. In order to try and combat this problem, we have launched a new range of mortgage products including these very competitive short-term fixes.

“We hope these new products will offer some security to consumers who would like to know exactly how much their monthly payments will be for the foreseeable future - as well as helping to keep their payments as low as possible.”