Stroud expands tracker and fixed rate mortgages

Stroud and Swindon has expanded its range of tracker and fixed rate mortgages, with the addition of three new products.

Homeowners can now take advantage of two and three-year fixed rate mortgages, offering interest rates of 5.75 per cent and 5.88 per cent respectively, on a loan-to-value (LTV) of up to 90 per cent.

Both products entail a £249 reservation fee, with the two-year deal also incurring a £349 product fee, while the three-year offering involves a £200 product fee.

The tracker product is available on an LTV of up to 90 per cent and is offered with an interest rate of 5.89 per cent, which stays at 0.39 per cent above the Bank of England's base rate.

"We're delighted to announce the launch of this great new range of competitively priced mortgage products," said the building society's commercial director Paul Chafer.

"These new products are designed to offer consumers a wide variety of mortgage options which will allow them to pick the one best suited to their situation."

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