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Stroud & Swindon Building Society - discount rate mortgages, mortgage rates & fixed rate mortgages
Welcome to the Stroud & Swindon we hope you'll find our range of competitive discount rate mortgages, mortgage rates & fixed rate mortgages. You can select your chosen product or information by clicking on the mortgages or Insurance tabs above. Alternatively you can call us on 0845 121 3200 or visit your local branch to receive further information on discount rate mortgages , mortgage rates & fixed rate mortgages.
For a brief outline of the different types of Mortgages we offer, if you need further information on our specific discount rate mortgages, mortgage rates & fixed rate mortgages please visit our ‘Mortgage’ products or insurance page from the above menu.
The types of discount rate mortgages , mortgage rates & fixed rate mortgages & Mortgages we offer home buyers:-
Fixed Rate Mortgages:
A Fixed Rate Mortgage means that the interest rate will not change during the period of the product and will remain fixed while market forces may create a shift in other mortgage rates.
Discount Rate Mortgages:
A Discount Rate Mortgage is where a lender reduces the rate payable to the borrower by discounting from a base rate (usually the Bank of England Base Rate or the company's SVR) at that time. The discount can be from 2 to 5 years in duration and is applicable during the term or period the mortgage product is effective. If the length of the Discount Mortgage product is relatively short, then the discount is normally lower than one with a longer period. If you require information specifically on discount rate mortgages , mortgage rates & fixed rate mortgages visit our ‘mortgages’ product page.
Cashback Mortgages:
A Cashback Mortgage product is where a lender gives the applicant money back when they complete a mortgage or at regular intervals during the mortgage period. The actual amount payable to you will be decided within the constraints of the terms and conditions of the cashback mortgage product.
Flexible Mortgages:
A Flexible Mortgage allows you to manage your mortgage in a way that suits your circumstances at any one time. If you require information specifically on discount rate mortgages , mortgage rates & fixed rate mortgages visit our ‘mortgages’ product page.
Base Rate Tracker Mortgages:
A Base Rate Tracker Mortgage works on the basis of tracking, at a set percentage above, below or equal to the Bank of England Base Rate. If the Bank of England Base Rate is 6% then a three year mortgage that is 0.5% above the Base Rate will start off at 6.5%. If the base rate moves during the three year period, the rate you'll pay will move at the same ratio of 0.5%. If the Bank of England Base Rate were to increase to 8%, you would pay 8.5%. If it dropped to 3%, you would be paying 3.5%.
Capital Repayment Mortgage or Interest Only Mortgage:
When home buying, there are two choices as to how you pay off your mortgage. Repayment mortgages are where you pay off the amounts of the loan each month and reduce the amount you are borrowing gradually during the term of the mortgage. If you require information specifically on discount rate mortgages , mortgage rates & fixed rate mortgages visit our ‘mortgages’ product page.
Interest only is where a savings plan or other vehicle is used to save to pay off the total mortgage at the end of the mortgage term as a lump sum. This can reduce the size of mortgage repayments but can be seen as risky home buying depending on whether the savings plan or investment vehicle grows sufficiently to cover the size of the mortgage loan. If the savings plan is an ISA it can be possible to save towards your mortgage and receive tax relief from the non-taxable feature of an ISA and can help with the cost of a mortgage overall. If you wish to learn more about our products and in particular discount rate mortgages, mortgage rates & fixed rate mortgages we have further information listed on our mortgages product page.
If you require further information on discount rate mortgages , mortgage rates & fixed rate mortgages call us on 0845 121 3200 or select a product from our website menu.
You will find our branches at the following locations: Clifton, Bristol, Keynsham, Bath, Frome, Chipping Sodbury, Dursley, Lydney, Stonehouse,
Stroud, Swindon, Trowbridge, Bradford On Avon, Melksham, Wootten Basset, Highworth, Cirencester, Tetbury, Nailsworth, Gloucester & Cheltenham
Do read all our terms and conditions of any Mortgage product before applying, you can get further information on Mortgage products or specifically discount rate mortgages , mortgage rates & fixed rate mortgages by selecting the Mortgage options/products from our menu .
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.
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