The Stafford Railway Building Society has launched a range of two-year discount mortgage products aimed at the intermediary and consumer market.
The two-year discount residential products are available at a rate of 2.10% at 90% LTV, 1.65% at 75% LTV and 1.55% at 60% LTV.
The two-year discount residential 75 % LTV and two-year discount residential 60% LTV products have a product fee of £399 and are available for purchases, remortgages and capital raising.
The two-year discount residential 90% LTV has a product fee of £299 and is available for purchases only.
All three discount products are available throughout England and Wales. The Society also allows overpayments of up to 10% of the opening balance each year.
The products will revert to the Society’s Standard Variable Rate after two years, currently at 3.45%.
Adrian Phipps, the mutual’s head of lending and underwriting, said: “We have listened to extensive feedback from our customer and broker networks and have created a suite of products aimed at customers who are looking for a flexible mortgage option.
“Our manual underwriting approach also means we can help support a wider range of mortgage customers looking to purchase their first homes or remortgage their current property.”
