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Money in a Minute

Money in a Minute

Category: Money

Updated: 10/03/2015
First Published: 02/03/2012

This article was correct at the time of publication. It is now over 6 months old so the content may be out of date.
This week's 'Money in a Minute' gives you the lowdown on the best new launches in the savings and mortgage market.

The products featured have been handpicked by the impartial research team here at, so you can be sure they are all up there with the best deals in their respective fields.

To make sure you fully understand the products, we outline the technical details behind the plans before giving you our invaluable and insightful analysis.


Leeds Building Soc
iety - Product details

  • The latest variable mortgage deal from Leeds Building Society offers a discounted rate of 3.29% (2.40% discount) for two years.
  • The maximum loan-to-value is 75%.
  • First-time buyers or those remortgaging can borrow a minimum of £5,000 and £25,001 for second-time buyers.
  • A fee of £199 is payable.
  • Remortgage borrowers will benefit from incentives of refunded valuation fees and free legal fees.
  • There is also the option to make overpayments of up to 10% of the outstanding balance. analysis

This new two-year discounted deal offers a rate of 3.29% at 75% loan-to-value. A low fee of £199 and the extra added incentives of refunded valuation fees and free legal fees will add to the product's appeal, which is further boosted by the option to make overpayments of up to 10% of the mortgage advance.

Yorkshire Building Societ
y - Product details

  • Yorkshire Building Society has launched a two-year fixed mortgage with a rate of 2.89% to 30.6.14.
  • Available to all borrower types, the maximum loan-to-value is 75% and customers can borrow from £250,000 to £5 million.
  • A fee of £495 is payable.
  • Incentives offered include a £250 rebate for first-time and second-time buyers and free valuation fees for all customers.
  • There are also free legal fees for those remortgaging.
  • In addition there is an option to make overpayments of up to 10% of the outstanding balance. analysis

Following a small rate reduction of 0.05%, the two-year fixed mortgage at 2.89% is still a decent rate at 75% loan-to-value. The deal also boasts an array of incentives such as free valuation fees and rebates or free legal fees depending on the borrower type.


- Product details

  • cahoot has launched a new one-year fixed rate bond paying 3.65% to 1.5.13.
  • Savers can invest a minimum of £25,000.
  • Earlier access is not permitted.
  • The account is available to savers aged 18 and over online or by telephone. analysis

Cahoot has launched a fixed rate bond running just over a year, available online and by telephone. At 3.65% this is a market leader in the short-term fixed sector. As with usual fixed term deposits there is no flexibility for withdrawals or additions but customers will need to invest a minimum of £25,000 to qualify.

Principality Building Societ
y - Product details

  • Principality Building Society has launched a new issue of its e-SAVER account paying 3.01% yearly.
  • This includes a bonus of 1.36% for 12 months.
  • Savers can invest a minimum of £1 and a maximum of £1 million.
  • Withdrawals can be made by a nominated account.
  • The account is available to savers aged 16 and over online only. analysis

This latest release from Principality Building Society has shifted its e-SAVER account into the top five accounts within the no notice internet market. Consumers will also be pleased that there are no withdrawal restrictions. As with any account paying a bonus, after twelve months savers should review the rate to ensure they are getting the best deal.

Disclaimer: Information is correct as of the date of publication (shown at the top of this article). Any products featured may be withdrawn by their provider or changed at any time.

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