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Stroud and Swindon five-year fixed rate

Stroud and Swindon five-year fixed rate

Fixed term: Five years

Fixed rate: 5.65% fixed rate until May 1 2007. Thereafter borrower qualifies for loyalty discount (currently a 0.5% discount against the SVR, currently 5.74%)

Minimum loan: £16,000

Maximum loan: Up to 95% for house purchase and 85% for remortgage, subject to a maximum of £500,000

Income multiples: Three times principal income plus second or 2.75 times joint.

Arrangement fee: £295 (can be deducted from loan).

Redemption fee: If full redemption occurs before May 1 2005 a charge of 5% will be made on the outstanding balance. If part of the loan is repaid before May 1 2005 there is a charge of 5% on the amount repaid. A maximum of 25% of the original loan may be repaid before 1 May 2005 without charge.

Conditions: None

Introducer’s fee: 0.3% of completed advance subject to a maximum of £750

Tel: 01453 768240


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