Teletext Recovery - 26/01/1999

P544 Teletext 544 Jan26 22:13:41    —————————  ———————  ———————————— BARGAIN HOMELOANS "There's plenty of good deals around for homeowners if they look for them," says London & Country's Patrick Bunton. "Many building societies are offering their best rates through their direct arms — not through High Street branches. "By using low-cost telesales units they are able to cut the cost of branch networks and offer some of the best rates around." ——————————————————————————————————1/6—— by Lorne Spicer Move to a mortgage that could save you over £50 a month. p628 Mortgages Savings Borrowing City

P544 Teletext 544 Jan26 22:11:14    —————————  ———————  ———————————— BARGAIN HOMELOANS Stroud & Swindon Direct is a new direct arms that Stroud & Swindon Building Society is operating. It's offering a five-year 5.75% fixed rate mortgage which allows borrowers to opt out of the fix and onto the variable rate after three years. "Alternatively as there are no redemption fees after three years, borrowers can simply move their homeloan elsewhere," Mr Bunton adds. ——————————————————————————————————2/6—— Tourist rates 548 Premium Bonds 549 IT'S YOUR LIFE-STYLE SECTION 410

P544 Teletext 544 Jan26 22:16:50    —————————  ———————  ———————————— BARGAIN HOMELOANS At any time for the first three years of Stroud & Swindon Direct's 5.75% fixed rate mortgage, borrowers can repay 25% of the outstanding loan. A free valuation is included and a fee of £295 for the homeloan does not have to be paid upfront like so many others, but on completion. A £100,000 interest only mortgage costs £464.79 on this loan against a £590.08 Stroud & Swindon 7.3% variable rate. ——————————————————————————————————3/6—— Premium Bonds 549 Mortgages 545 NOW IT'S EVEN EASIER TO FIND LOVE: TELETEXT DATING ITV p390 Mortgages Savings Borrowing City

P544 Teletext 544 Jan26 22:14:51    —————————  ———————  ———————————— BARGAIN HOMELOANS A £100,000 mortgage on an average 7.45% variable rate costs £602.21 a month for an interest only homeloan with MIRAS. Stroud & Swindon's 5.75% fixed rate would give a borrower with a £100,000 homeloan a saving of £137.42 a month. Over the five year term that would add up to £1,649.04 a year or £8,245.20 over the five year term — assuming interest rates remain at their current level. ——————————————————————————————————4/6—— Tourist rates 548 Savings 546 WHAT'S ON AT YOUR LOCAL CINEMA? p460

P544 Teletext 544 Jan26 22:16:14    —————————  ———————  ———————————— BARGAIN HOMELOANS The Council of Mortgage Lenders found that 37% of homeowners had had their current mortgage since 1990. Most of these people could easily save money by remortgaging to a better rate. Tanya Carver took out her original loan in 1990 at a fixed rate of 10.5%. "Obviously as rates came down it was clear we were paying too much so we went back to our lender to negotiate a better rate." ——————————————————————————————————5/6—— Check the latest savings rates 546 CITY NEWS p500

P544 Teletext 544 Jan26 22:18:41    —————————  ———————  ———————————— BARGAIN HOMELOANS Tanya Carver asked her lender for a better rate and was offered a variable rate which she took in preference to the 10.5% fixed rate she was on. "We effectively saved £200 a month which was a huge difference. We also went from an endowment to a repayment to build up our equity." "We didn't want to keep the endowment so we cashed it in and the money we got back paid for a new driveway." ——————————————————————————————————6/6—— Borrowing money 547 Money news 541 CITY NEWS p500

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