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