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S&S release B2L fixed rate

Stroud & Swindon has released a buy-to-let two-year fixed-rate mortgage at 5.49%.

The mortgage is fixed until May 2009, and when the offer ends the rate moves to a 0.5% discount from the buy-to-let standard variable rate.

There is a maximum LTV of 75% and early repayment charges of 2% until May 31 2009, as well as a completion fee of 1250 and a reservation fee and 249.

Paul Chafer, sales director of Stroud & Swindon, says: Many landlords are coming to the end of their mortgage deals that they took out three years ago and looking for another excellent fixed rate product.

“We believe that this new two-year deal will offer these landlords the security they need without tying them into a potentially inflexible long-term mortgage product.


B2L change for West Brom

West Brom for Intermediaries has switched its buy-to-let rental calculations to a fixed notional rate of 5.95%. If rates rise the calculation will remain unaffected.

PMPA launches TMB exclusives

The Professional Mortgage Packagers Alliance has released a range of exclusive products from The Mortgage Business. The deals include three fixed rate options within TMB’s Self 85 range.

Start promoting the benefits of HIPs

If brokers want to benefit from HIPs they should start familiarising themselves with the packs and sell their benefits to potential customers, says Allen Jackson

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Financial advice can benefit customers by £40,000

New research shows those customers who receive financial advice can be better off on average by £40,000 We’ve sponsored a research project with the International Longevity Centre – UK (ILC-UK) to produce ‘The Value of Financial Advice’ report. This independent research demonstrates that customers who take financial advice can, on average, be £40,000 better off than those […]


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