Stroud & Swindon has launched a new range of two-year fixed rate products.
The first of its range is a two-year fixed rate at 5.09% fixed rate until February 28, 2009, then Bank Of England Base Rate plus 0.99% for life of product.
It also has a maximum loan to value of 90%, and early redemption charges of 2% for the first two years.
The mortgage is available to purchasers as well as those wishing to remortgage, including existing Stroud & Swindon customers, with a proc fee of 0.30%.
Paul Chafer, sales director of Stroud & Swindon, says: With the recent Bank of England Base Rate change and consumers becoming increasingly concerned about the rising levels of debt, more and more people are looking to find a good fixed rate mortgage deal. However, they are often reluctant to tie themselves into long-term deals, so our new suite of competitive two-year products are ideal.
These fixed-rate products herald the launch of an extensive new mortgage portfolio from Stroud & Swindon. In addition to the two-year products we have just announced, consumers and brokers can expect a number of great deals to be announced.