New Range of Fixed Rate Mortgage Products
Stroud & Swindon, the UK’s 15th largest building society, has launched a new range of residential mortgages, including:
- 5-year fixed rate mortgage at 5.99%
- 5-year fixed rate mortgage at 6.19%
- 5-year fixed rate mortgage at 6.35%
All of the new residential products are available via branches, direct or the Internet and have a maximum Loan to Value of 90%. In addition, all three products offer both free valuations and free legals for remortgage. In addition the 5-year fix at 6.19% and 5-year fix at 6.35% also offer free valuations for house purchase.
Paul Chafer, Sales and Marketing Director at Stroud & Swindon comments:
“We are pleased to announce a new range of mortgage products including these very competitive medium-term fixes. These new products are aimed at those customers who would like the security of knowing exactly how much their monthly payments will be for longer than a short-term product would allow. By providing three products at different rates of interest and with a range of incentives and fees we are able to cater to all 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 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.
5-year fix at 5.99%
- The mortgage is fixed at 5.99% until 31/10/12.
- Available via branches, direct or the Internet.
- The rate moves to the SVR at the end of the fixed term period.
- Maximum loan to value of 90%.
- Early redemption charge of 6% applies until 31/10/12.
- Free valuations are available for remortgage.
- Free legals are available for remortgages.
- A completion fee of 1.50% of the loan amount applies.
5-year fix at 6.19%
- The mortgage is fixed at 6.19% until 31/10/12.
- Available via branches, direct or the Internet.
- The rate moves to the SVR at the end of the fixed term period.
- Maximum loan to value of 90%.
- Early redemption charge of 6% applies until 31/10/12.
- Free valuations are available for remortgage and house purchase.
- Free legals are available on remortgages.
- Reservation fee of £249.
- Completion fee of £349.
5-year fix at 6.35%
- The mortgage is fixed at 6.35% until 31/10/12.
- Available via branches, direct or the Internet.
- The rate moves to the SVR at the end of the fixed term period.
- Maximum loan to value of 90%.
- Early redemption charge of 6% applies until 31/10/12.
- Free valuations are available for remortgage and house purchase.
- Free legals available on remortgage.
- No reservation fee.
- No completion fee.