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Stroud and Swindon expands buy-to-let range

Stroud and Swindon has expanded its buy-to-let range with four products designed for investors looking to protect their portfolios against further interest rate rises.

The mortgages also allow investors to gain the security of fixing their mortgage repayments for the next two years.

The buy-to-let two year fixed rate mortgage has a rate of 5.29% up to 75% LTV.

It moves to a 0.5% discount from the SVR at the end of the period, and there is an Early Redemption Charge of 3% for the first year, dropping to 2% for the final years.

It comes with a £249 reservation fee and a £795 completion fee.

The buy-to-let three year fixed rate mortgage has a rate of 5.49% up to 75% LTV.

This moves to a 0.5% discount from the SVR at end of period.

There is a 4% ERC, a £249 reservation fee and a £795 completion fee.

The buy-to-let flexible term tracker mortgage is at Bank of England base rate plus 0.99% up to 75% LTV.

The is no early redemption charge, and a £795 completion fee.

The buy-to-let three year discount mortgage is at a 2.20% discount from the SVR up yo 75% LTV.

This moves to a 0.5% discount from the SVR at end of period.

There is a 4% early redemption charge for the first two years, and a 3% for the final year.

There is also a £795 completion fee.

The products are available through Stroud and Swindon branches, the internet and intermediary market.

Paul Chafer, sales director of Stroud and Swindon, says: “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.”

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