Stafford Railway launches discount mortgage range

Stafford Railway Building Society has launched a range of two-year discount mortgage products.

Related topics:  Mortgages
Rozi Jones
4th December 2018
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Available through intermediaries, the products are available from 1.55% at 60% LTV, 1.65% at 75% LTV and 2.10% up to 90% LTV.

The 90% LTV discount mortgage has a product fee of £299 and is available for purchase only, while the other mortgages come with a £399 fee and are available for purchase, remortgage and capital raising.

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.

Adrian Phipps, 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.”

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