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.