These deals include two, three and five-year fixed rate mortgages as well as a flexible term tracker and a three-year discount mortgage so landlords have a wide selection of products to choose from.
Product Details:
Buy-to-let two-year fixed rate mortgage at 5.29 per cent
- 75 per cent loan-to-value (LTV). Moves to 0.5 per cent discount from BTL SVR at end of period. Early redemption charge of 2 per cent. £249 reservation fee, £750 completion fee.
Buy-to-let 3-year Fixed Rate Mortgage at 5.85 per cent
- 75 per cent LTV. Moves to 0.5 per cent discount from BTL SVR at end of period. Early redemption charge of 3 per cent. £249 reservation fee and £750 completion fee.
Buy-to-let five-year fixed rate mortgage at 6.15 per cent
- 75 per cent LTV. Moves to 0.5 per cent discount from BTL SVR at end of period. Early redemption charge of 5 per cent, moving to 4 per cent in the final year. £249 reservation fee and £750 completion fee.
Buy-to-let Flexible Term Tracker Mortgage at BOE Base Rate + 0.89 per cent
- 75 per cent LTV. No early redemption charge, £799 completion fee.
Buy-to-let three-year discount Mortgage at 2.20 per cent discount from BTL SVR
- 75 per cent LTV. Moves to 0.5 per cent discount from BTL SVR at end of period. Early redemption charge of 3 per cent. £799 completion fee.
Paul Chafer, sales and marketing director of Stroud and Swindon Building Society, commented: “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 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’ 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 per cent of the loan without incurring any early redemption charges.”
