Money: Stroud's five-year 6.69% fix

Friday 28 January 1994 19:02 EST
Comments

Your support helps us to tell the story

From reproductive rights to climate change to Big Tech, The Independent is on the ground when the story is developing. Whether it's investigating the financials of Elon Musk's pro-Trump PAC or producing our latest documentary, 'The A Word', which shines a light on the American women fighting for reproductive rights, we know how important it is to parse out the facts from the messaging.

At such a critical moment in US history, we need reporters on the ground. Your donation allows us to keep sending journalists to speak to both sides of the story.

The Independent is trusted by Americans across the entire political spectrum. And unlike many other quality news outlets, we choose not to lock Americans out of our reporting and analysis with paywalls. We believe quality journalism should be available to everyone, paid for by those who can afford it.

Your support makes all the difference.

Stroud & Swindon has a five-year, fixed rate at 6.69 per cent on loans up to 75 per cent of property value. Buyers must take out its buildings insurance. The redemption penalties are six months' interest in the first three years and three months' in the final two years. The application fee is pounds 250.

Birmingham Midshires has a four-year fix at 5.99 per cent for loans up to 60 per cent. Six months' interest is payable if the loan is redeemed within the four years. The fee is pounds 295.

Yorkshire Building Society has three new capped rates that allow buyers to gain from rate falls but escape rate rises. Buyers must have more than 10 per cent deposit. The rates are 6.1 until January 1996, 6.55 per cent until January 1997 or 6.95 per cent until 1998.

----------------------------------------------------------------- Mortgages ----------------------------------------------------------------- Type Source Deal Variable Northern Rock* 3.5% discounted rate on 90% loans Fixed BNP 6.75% for five years on 85% loans Capped TSB 7.25% on 95% loans for 5 years *Arrangement fee pounds 150. Insurance through Northern Rock. ----------------------------------------------------------------- Source: John Charcol 071-611 7000 -----------------------------------------------------------------

Join our commenting forum

Join thought-provoking conversations, follow other Independent readers and see their replies

Comments

Thank you for registering

Please refresh the page or navigate to another page on the site to be automatically logged inPlease refresh your browser to be logged in