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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



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