New
fixed-rate mortgages and
tracker mortgage deals have been introduced by Stroud and Swindon Building Society.
The two-year
fixed-rate mortgage offerings all come with a
maximum loan-to-value of 90 per cent and include a
flexible deal with a
mortgage rate of 4.84 per cent.
Both the other two-year fixed-rate
mortgages have early
repayment charges of two per cent during the term. One offers a
mortgage rate of 4.45 per cent whilst the other's is 4.9 per cent.
A
first-time buyer fixed-rate mortgage has also been announced by the
mortgage lender,
Mortgage Introducer reports.
Offering a mortgage rate of 4.89 per cent,
first-time buyers could qualify for a maximum
loan-to-value of up to 90 per cent.
The new mortgage offerings give first-time
buyers a "very attractive fixed-rate with low upfront fees", according to the
mortgage product development manager at Stroud and Swindon, Elaine Thomas.
Ms Thomas also told the website that the expanded mortgage offerings give more options to other mortgage
borrowers who want to be able to choose between a
lower mortgage rate or reduced
mortgage fees .
