The Stroud and Swindon was established in 1850. It merged with the Bristol Economic in 1985. Two years later it merged with the Swindon Permanent, and changed its name to Stroud & Swindon. In July 1990, the society merged with the Frome Selwood. In April 1996, the society merged with the City and Metropolitan Building Society, based in Bromley, expanding its area of operations into the South East. Today it operates through 22 local branches and 25 agency branches located mainly in the South West of England, and employs 325 staff.

Stroud & Swindon have the following mortgages available:

Fixed
Discount
Tracker
Cash Back
Buy to Let

Fixed: your starting mortgage rate will be fixed for an agreed interval. they have fixed mortgages for 2 years and a First Time Buyer fixed 5 year deal. After the fixed rate period is over your rate will convert to a variable rate above the Bank of England base rate.

An early repayment charge may be payable
A Reservation fee is applicable

Discount: your mortgage rate will be set at a discount off the Society’s standard variable rate for 2 years. After the discount period your rate will go back to the standard variable rate.

An early repayment charge may be payable
A Reservation fee is applicable

Tracker: your starting mortgage rate will be set according to the Bank of England base rate. Stroud & Swindon offer two different tracker mortgages. The first is set at the Bank of England base rate for the first 2 years and then goes to a rate above the Bank of England base rate for the remaining mortgage term. The second is set at a rate above the Bank of England base rate for the entire mortgage term. There is no early repayment charge.

Cash Back: your rate is set just below the standard variable rate for the first 5 years. Your rate will then relapse to the Society’s standard variable rate. After completion you can claim a lump sum cash repayment of 6% of the loan.

Buy to Let: a flexible tracker mortgage is set above the variable Bank of England base rate over the entire mortgage, and no early repayment fee is applicable.

When you repay your mortgage in full a fee is applicable for all of the above mortgages. Completion fees are deducted from the loan upon completion.