Stroud & Swindon Launches New Portfolio of Mortgage Products
Stroud & Swindon, the UK’s 15th largest building society, is delighted to announce the launch of a new portfolio of mortgage products. The first products within this range to be launched are a series of competitive 2-Year Fixed Rate deals:
| Type of Mortgage |
Offer Rate |
Details |
Access Channel |
| 2-Year Fixed Rate Mortgage |
4.69% |
75% LTV. Moves to BOE Base Rate Plus 0.99% at end of period. 1.5% completion fee. Early redemption charge of 2% for the first two years. |
Internet-Only |
| 2-Year Fixed Rate Mortgage |
5.09% |
90% LTV. Moves to BOE Base Rate Plus 0.99% at end of period. Associated Fees. Early redemption charge of 2% for the first two years. |
Branch, internet, direct and intermediary |
| 2-Year Fixed Rate Mortgage |
5.29% |
90% LTV. Moves to BOE Base Rate Plus 0.99% at end of period. Fees Free Early redemption charge of 2% for the first two years. |
Branch, internet and direct |
| 2-Year Flexible Fixed Rate Mortgage |
5.29% |
90% LTV. Moves to BOE Base Rate Plus 0.99% at end of period. Associated Fees. No Early redemption charge. |
Branch, internet and direct |
Paul Chafer, Sales Director of Stroud & Swindon Building Society comments:
“With the recent Bank of England Base Rate change and consumers becoming increasingly concerned about the rising levels of debt, more and more people are looking to find a good fixed rate mortgage deal. However, they are often reluctant to tie themselves into long-term deals, so our new suite of competitive two-year products are ideal.
“These fixed-rate products herald the launch of an extensive new mortgage portfolio from Stroud & Swindon. In addition to the two-year products we have just announced, consumers and brokers can expect a number of great deals to be announced over the next few weeks.”
For further information please contact:
David Greenleaf
Corporate Communications Manager
Stroud & Swindon
01453 768244
Brian Thorn/Lee Blackwell
The Wriglesworth Consultancy
020 7845 7900
Notes for Editors
The 2-Year Fixed (percentage rate):
- Available via the Internet
- 4.69% fixed rate until 28/02/09 then BOE Base Rate plus 0.99% for life of product
- Maximum loan to value (75%)
- The mortgage is portable
- Minimum loan (£150,000 house purchase and remortgage) and minimum purchase price is £200,000
- Early redemption charges of 2% for the first two years
- There is a completion fee of 1.5% of the value of the loan as well as a valuation fee (for house purchase but not remortgages)
- The mortgage is available to purchasers as well as those wishing to remortgage (including existing Stroud & Swindon customers)
- Consumers who remortgage using this product can take advantage of free valuation and discounted legals.
The 2-Year Fixed (fees free):
- Available via Stroud & Swindon Branches, Direct and via the Internet
- 5.29% fixed rate until 28/02/09 then BOE Base Rate plus 0.99% for life of product
- Maximum loan to value (90%)
- The mortgage is portable
- Minimum loan (£16,000 house purchase, £26,000 remortgage) and maximum loan (£1,000,000 house purchase, £500,000 remortgage)
- Early redemption charges of 2% for the first two years
- There is no completion fee but there is a valuation fee (for house purchase but not remortgages)
- The mortgage is available to purchasers as well as those wishing to remortgage (including existing Stroud & Swindon customers)
- Consumers who remortgage using this product can take advantage of free valuation and legals.
The 2-Year Fixed:
- Available via Stroud & Swindon Branches, Direct, intermediaries and via the Internet
- 5.09% fixed rate until 28/02/09 then BOE Base Rate plus 0.99% for life of product
- Maximum loan to value (90%)
- The mortgage is portable
- Minimum loan (£16,000 house purchase, £26,000 remortgage) and maximum loan (£1,000,000 house purchase, £500,000 remortgage)
- Early redemption charges of 2% for the first two years
- There are reservation fees (£249), completion fees (£495) and a valuation fee (for house purchase not remortage)
- The mortgage is available to purchasers as well as those wishing to remortgage (including existing Stroud & Swindon customers)
- Consumers who remortgage using this product can take advantage of free valuation and legals.
The 2-Year Flexible Fixed:
- Available via Stroud & Swindon Branches, Direct and via the Internet
- 5.29% fixed rate until 28/02/09 then BOE Base Rate plus 0.99% for life of product
- Maximum loan to value (90%)
- The mortgage is portable
- Minimum loan (£16,000 house purchase, £26,000 remortgage) and maximum loan (£1,000,000 house purchase, £500,000 remortgage)
- No early redemption charges
- There are reservation fees (£249), completion fees (£495) and a valuation fee (for house purchase not remortage)
- The mortgage is available to purchasers as well as those wishing to remortgage (including existing Stroud & Swindon customers)
- Consumers who remortgage using this product can take advantage of free valuation and discounted legals.
About Stroud & Swindon Building Society:
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
www.stroudandswindon.co.uk.