New Range of Fixed and Tracker Mortgages
Stroud & Swindon, the 14th largest Building Society in the UK, has today unveiled a range of new mortgage products.
These new products include a range of fixed rate mortgages as well as a two year tracker. All of these products are available via Stroud & Swindon’s website, branches or telephone and benefit from having free legals and valuation for remortgages.
Product Details:
| Type |
Offer Rate |
Details |
| Fixed Rate to 28/02/2010 |
5.75% |
90% maximum LTV. Early redemption charge of 2% until 28/02/10. £249 reservation fee, £349 product fee. |
| Fixed Rate to 28/02/2011 |
5.88% |
90% maximum LTV. Early redemption charge of 3% until 28/02/10 and 2% until 28/02/11. £249 reservation fee, £200 product fee. |
| Tracker to 28/02/2010 |
5.89%
|
90% maximum LTV. Rate is 0.39% above BBR. Early redemption charge of 2% until 28/02/10. £249 reservation fee, £250 product fee. |
Paul Chafer, Commercial Director of Stroud and Swindon Building Society comments:“We’re delighted to announce the launch of this great new range of competitively priced mortgage products. These new products are designed to offer consumers a wide variety of mortgage options which will allow them to pick the one best suited to their situation.”
To locate your closest branch visit www.stroudandswindon.co.uk or call 0800 618161
- ENDS –
For further information please contact:
Amy Pegler
Corporate Communications Officer
Stroud & Swindon
01453 768 241
Lee Blackwell / Suman Katyal / Karen Butcher
The Wriglesworth Consultancy
020 7845 7900
Notes for Editors:
About Stroud & Swindon Building Society:
Stroud & Swindon is the 14th largest building society in the UK with assets in excess of £3 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 contact centre based in Gloucestershire and website.
Fixed Rate Mortgage to 28/02 2010:
- Available via Stroud & Swindon Branches, by telephone and via the internet.
- Fixed at 5.75% until 28/02/10.
- Maximum loan to value (90%).
- Moves to SVR at end of period.
- Early redemption charges of 2% until 28/02/10.
- £249 reservation fee and £349 product fee.
- Free legals and free valuation for remortgage.
- The mortgage is available to purchasers as well as those wishing to remortgage (excluding existing Stroud & Swindon customers).
Fixed Rate Mortgage to 28/02/2011:
- Available via Stroud & Swindon Branches, by telephone and via the internet.
- Fixed at 5.88% until 28/02/11.
- Maximum loan to value (90%).
- Moves to SVR at end of period.
- Early redemption charges of 3% until 28/02/2010 and 2% until 28/02/2011.
- £249 reservation fee and £200 product fee.
- Free legals and free valuation for remortgage.
- The mortgage is available to purchasers as well as those wishing to remortgage (excluding existing Stroud & Swindon customers).
Tracker Mortgage to 28/02/2010:
- Available via Stroud & Swindon Branches, by telephone and via the internet.
- Fixed at 5.89%, 0.39% above BBR until 28/02/2010, then 1.99% above BBR for remaining term of product.
- Maximum loan to value (90%).
- Early redemption charge of 2% until 28/02/2010.
- £249 reservation fee and £250 product fee.
- Free valuation and free legals available on remortgage.
- The mortgage is available to purchasers as well as those wishing to remortgage (excluding existing Stroud & Swindon customers).