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Flexible fixes from Stroud & Swindon

Stroud & Swindon Building Society is offering two new mortgages to attract


customers who want a flexible mortgage with a fixed rate.


The two new products in its portfolio are the fixed and flexible mortgage


and a fees-paid remortgage-only fixed and flexible mortgage.


The first mortgage offers free valuation and has a fixed rate of 6.29 per


cent until June 2002. It is available for loans up to 95 per cent of the


purchase price or 85 per cent for remortgages.


The second is available for remortgages up to 85 per cent of the purchase


price and has a fixed rate of 6.59 per cent until June 2002.


Monthly or lump-sum overpayments can be made at any time on both products


without incurring charges.


The overpayments can be retrieved at any time and those made within the


fixed period are charged at the same rate, not a higher variable rate.


Stroud & Swindon sales and marketing director Paul Swainbank says: “In


keeping with the accommodating nature of the flexible mortgage, both these


new products carry no early redemption charges and no compulsory insurance


requirements.”

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