New Two-Year Fixed Rate Mortgage at 5.34%
Stroud & Swindon, the UK’s 15th largest building society today announced the launch of a new two-year fixed-rate deal at 5.34%.
The new product will be available via the website (www.stroudandswindon.co.uk), Stroud and Swindon branches and agencies. This competitive new deal is available for both existing borrowers and those seeking to remortgage their property.
The product has a maximum loan to value of 90% and early repayment charges of 2% until 31 July 2009. In addition, consumers who use this product to remortgage their home will have their solicitor and valuation fees paid by the Society.
Paul Chafer, Sales and Marketing Director at Stroud and Swindon Building Society, comments: “The new deal is ideal for borrowers looking to secure a mortgage with a highly competitive two-year fixed-rate. It offers customers security with flexibility – providing protection against rate rises without trapping them into a long-standing agreement.”
For further information, or to contact your nearest Stroud and Swindon Branch, please contact the Customer Service Centre on 0845 7045 012
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:
2 Year Fixed Rate Mortgage:
- Early Repayment Charge of 2% until 31 July 2009, completion fee (£250) and reservation fee (£249).
- Maximum loan to value (90%)
- Minimum loan value on property purchase (£16,000), remortgages (£26,000) and additional borrowing (£1,000)
- Maximum loan on property purchase and remortgages (£500,000)
- Free valuation and basic legal fees only for remortgages up to £600,000
- Valuations and legal fees are payable on House Purchases
- Customers switching from existing mortgage arrangements are required to pay a £249 reservation fee (payable upfront) and a £250 completion fee. Additional borrowing at the same time incurs no additional charge.
- Existing customers looking at additional borrowing only, will have to pay a £120 completion fee and a £249 reservation fee.
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 in the South West, complemented by a direct call centre based in Stroud and website www.stroudandswindon.co.uk.