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.