New Range of Mortgage Products Launched
Stroud & Swindon have launched a new range of Full Status, Self Cert and Buy to Let mortgage products, including these competitive short term fixed rate mortgages:
- Full Status 2-year fixed rate mortgage at 5.39%
- Full Status 3-year fixed rate mortgage at 6.19%
- Self Cert 3-year fixed rate mortgage at 6.25%
All of the new residential products are available exclusively through intermediaries and have a maximum Loan to Value of 90% for Full Status and 85% for Self Cert. In addition, all three products offer free valuations for remortgage and house purchase and there is no Higher Lending Charge.
Paul Chafer, Sales and Marketing Director at Stroud & Swindon comments: “Rising interest rates have left many consumers facing a steep increase in monthly payments – especially those who are coming to the end of their fixed rate mortgages. In order to try and combat this problem, we have launched a new range of mortgage products including these very competitive short-term fixes. We hope these new products will offer some security to consumers who would like to know exactly how much their monthly payments will be for the foreseeable future - as well as helping to keep their payments as low as possible.”
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For further information please contact:
David GreenleafCorporate 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 15th largest building society in the UK with assets in excess of £2.8 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.
Full Status 2-year fix at 5.39%
- The mortgage is fixed at 5.39% until 31/10/09.
- Available through intermediaries only.
- The rate moves to the SVR at the end of the fixed term period.
- Maximum loan to value of 90%.
- Early redemption charge of 2% applies until 31/10/09.
- Free valuations are available for remortgage and house purchase.
- Discounted legals are available for remortgages.
- A completion fee of 2.25% of the loan amount applies.
- No higher lending charge.
Full Status 3-year fix at 6.19%
- The mortgage is fixed at 6.19% until 31/10/10.
- Available through intermediaries only.
- The rate moves to the SVR at the end of the fixed term period.
- Maximum loan to value of 90%.
- Early redemption charge of 4% applies until 31/10/10.
- Free valuations are available for remortgage and house purchase.
- Free legals are available on remortgages.
- Reservation fee of £249.
- Completion fee of £695.
- No higher lending charge.
Self Cert 3-year fix at 6.25%
- The mortgage is fixed at 6.25% until 31/10/10.
- Available through intermediaries only.
- The rate moves to the SVR at the end of the fixed term period.
- Maximum loan to value of 85%.
- Early redemption charge of 6% applies until 31/10/10.
- Free valuations are available for remortgage and house purchase.
- Free legals available on remortgage.
- Reservation fee of £249.
- Completion fee of £695.
- No higher lending charge.