Society launches new Mortgage products
Stroud & Swindon, the UK’s 15th largest Building Society, today expanded its residential mortgage range with the introduction of three new two-year fixed rate deals and a five-year fixed rate mortgage.
The new products are available via Stroud & Swindon’s website branches or telephone (08457 25 24 23).
Product Details:
- 2-year Fixed Rate Fee Saver Mortgage 5.55%
- 2-year Fixed Rate Mortgage 5.25%
- 2-year fixed rate Mortgage 4.89%
- 5-year Fixed Rate Mortgage 5.55%
Paul Chafer, Sales and Marketing Director at Stroud & Swindon comments:
“Stroud & Swindon are very pleased to announce the availability of these new products, which offer our customers competitive fixed rates designed with flexibility in mind. They allow customers to choose between paying a higher fee, with a lower fixed rate deal, or if preferred, a lower fee, with a slightly higher fixed rate.
“These new products, which for house purchasers include our buy-to-share option, also allow customers to pay 25% of the mortgage without incurring any early redemption charges. Thus enabling them to pay off a sizeable amount of the loan without being penalized!”
- ENDS –
For further information please contact:
Paul Chafer
Sales and Marketing Director
Stroud & Swindon
01453 768407
Lee Blackwell / Brian Thorn / Karen Butcher
The Wriglesworth Consultancy
020 7845 7900
Notes to Editors:
Stroud & Swindon is the 15th largest building society in the UK with assets in excess of £2.5 billion. The Society operates through a dedicated team of intermediary business development managers, with a branch network of 22 offices in the South West, complemented by a direct call centre based in Stroud and website.
2-year Fee Saver Fixed Rate Mortgage:
• Available via Stroud & Swindon Branches, direct, intermediaries and the internet.
• Fixed at 5.55% until 31/05/09.
• Moves to BB+ 0.99% at end of period.
• Maximum loan to value (90%).
• Early redemption charge of 2%.
• Minimum loan size of £16,000 for house purchase and £26,000 for remortgage.
• Maximum loan size of £500,000.
• No reservation or completion fees.
• Free legals and free valuation for remortgage.
• Buy-to-share option only available on house purchase.
2-year Fixed Rate (Mid Fee) Mortgage:
• Available via Stroud & Swindon Branches, direct, intermediaries and the internet.
• Fixed at 5.25% until 31/05/09.
• Moves to BB+ 0.99% at end of period.
• Maximum loan to value (90%).
• Early redemption charge of 2%.
• Minimum loan size of £16,000 for house purchase and £26,000 for remortgage.
• Maximum loan size of £500,000.
• £249 reservation fee and £450 completion fee.
• Free legals and free valuation for remortgage.
• Buy-to-share option only available on house purchase.
2-year Fixed Rate (High Fee) Mortgage:
• Available via Stroud & Swindon Branches, direct, intermediaries and the internet.
• Fixed at 4.89% until 31/05/09.
• Moves to BB+ 0.99% at end of period.
• Maximum loan to value (90%).
• Early redemption charge of 2%.
• Minimum loan size of £16,000 for house purchase and £26,000 for remortgage.
• Maximum loan size of £500,000.
• £249 reservation fee and £1250 completion fee.
• Free legals and free valuation for remortgage.
• Buy-to-share option only available on house purchase.
5-year Fixed Rate Mortgage:
• Available via Stroud & Swindon Branches, direct, intermediaries and the internet.
• Fixed at 5.55% until 31/05/12.
• Moves to BB+ 0.99% at end of period.
• Maximum loan to value (90%).
• Early redemption charge of 5%.
• Minimum loan size of £16,000 for house purchase and £26,000 for remortgage.
• Maximum loan size of £500,000.
• £249 reservation fee and £450 completion fee.
• Free legals and free valuation for remortgage.
• Buy-to-share option only available on house purchase.