New Fixed & Tracker Mortgages Launched
This new range includes two products available exclusively for new customers to Stroud & Swindon Building Society.
The new customer product range includes:
- 3-year Fixed Rate mortgage at 5.70%
- Flexi Term Tracker mortgage, which tracks at 0.45% over the Bank of England Base rate. The current rate is 6.20%
Both of these new products are available through all Stroud & Swindon branches and agencies, direct and via the website (www.stroudandswindon.co.uk), and a maximum Loan to Value of 90% applies to both products.
Paul Chafer, Sales and Marketing Director at Stroud & Swindon Building Society, comments: “We are delighted to be able to offer these new products for any customers wishing to join us at Stroud & Swindon Building Society, as both products offer very competitive rates.
“The competitive fixed rate mortgage is great for those who would like to know exactly how much their monthly outgoings will be for the next three years. However, for consumers who think the base rate has already peaked, the flexi-term tracker will be a very attractive product.”
- 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:
3-year Fixed Rate Mortgage:
- Mortgage is fixed at 5.70% until 31/10/10.
- Mortgage is available via Stroud & Swindon branches and agencies, direct and the website.
- At the end of the fixed rate period the mortgage reverts to the SVR.
- Maximum Loan to Value of 90% applies.
- Early redemption charges apply: 5% for the first year, 4% for the second year and 3% for the final year.
- Reservation fee (£249) and product fee (£550) apply.
Flexi Term Tracker Mortgage:
- Mortgage tracks at 0.45% above the Bank of England base rate. The current rate is 6.20%.
- Mortgage is available via Stroud & Swindon branches and agencies, direct and via the website
- Maximum Loan to Value of 90% applies.
- No early redemption charges apply.
- Product fee (£595) applies.
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.