The first product within this range to be launched is a 2-Year Fixed Rate deal:
5.09% fixed rate until 28/02/09 then BOE Base Rate plus 0.99% for life of product
Maximum loan to value (90%).
The mortgage is portable.
Early redemption charges of 2% for the first two years.
The mortgage is available to purchasers as well as those wishing to remortgage (including existing Stroud & Swindon customers).
Intermediary commission of 0.30%
This mortgage is also available via Stroud & Swindon’s recently relaunched website (www.stroudandswindon.co.uk), direct and through branches.
Paul Chafer, sales director of Stroud & Swindon Building Society comments: “With the recent Bank of England Base Rate change and consumers becoming increasingly concerned about the rising levels of debt, more and more people are looking to find a good fixed rate mortgage deal. However, they are often reluctant to tie themselves into long-term deals, so our new suite of competitive two-year products are ideal.
“These fixed-rate products herald the launch of an extensive new mortgage portfolio from Stroud & Swindon. In addition to the two-year products we have just announced, consumers and brokers can expect a number of great deals to be announced.”
