New Fixed Rate Mortgage Launched
Stroud & Swindon, the UK’s 14th largest building society, has launched a new five year fixed rate mortgage product with a rate of 5.35% until 31st January 2013.
This product is available via branches, direct and the Internet. The mortgage is ideal for purchasers and remortgagers, and has a maximum Loan to Value (LTV) of 95%. In addition, this product offers both free valuations and free legals for remortgages.
Paul Chafer, Sales and Marketing Director at Stroud & Swindon comments:
“We are pleased to be able to launch this new mortgage product as part of a range of competitive fixed rate deals we currently have on offer. These fixed rate products are aimed at customers who would like the security of knowing exactly how much their monthly payments will be for the near future. By providing a range of products that offer different fees, rates and incentives, we are able to cater for all of our customers’ needs.”
- ENDS –
For further information please contact:
David Greenleaf
Corporate Communications Manager
Stroud & Swindon
01453 768244
Lee Blackwell / Suman Katyal / Karen Butcher
The Wriglesworth Consultancy
020 7845 7900
Notes for Editors
About Stroud & Swindon Building Society:
Stroud & Swindon is the 14th largest building society in the UK with assets in excess of £3 billion. The Society operates through a dedicated team of intermediary business development managers, with a branch network of 22 offices and 20 agencies in the South West, complemented by a direct call centre based in Stroud and website
www.stroudandswindon.co.uk.
5-year fix at 5.35%
- The mortgage is fixed at 5.35% until 31/01/13.
- Available via branches, direct, the Internet or home movers & remortgagers.
- The rate moves to the SVR at the end of the fixed rate period.
- Maximum loan to value of 95%.
- Early redemption charge of 5% applies until 31/01/13.
- Free valuations are available for remortgages.
- Free legals are available for remortgages.
- A reservation fee of £249 applies.
- A product fee of £550 applies.