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Money in a Minute

Money in a Minute

Category: Money

Updated: 19/10/2012
First Published: 18/10/2012

MONEYFACTS ARCHIVE
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 It is now over 6 months old so the content may be out of date.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 Moneyfacts.co.uk, 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.

Savings


Skipton Building Society

  • Skipton Building Society has launched a new no notice account paying 2.60% upon its anniversary including a 1.10% bonus for 12 months.
  • Savers can invest between £1,000 and of £1 million.
  • No advance notice is required to access funds.
  • The account is available to savers aged 16 and over and can be operated online only.

Skipton Building Society has launched a new no notice account paying 2.60% yearly. The Online Bonus Saver Issue 2 sits comfortably within the top ten introductory bonus accounts in the market. With no restriction on the number of withdrawals, this account should appeal to investors looking for a straightforward internet account. A review will be required before the 1.10% bonus expires.


United Trust Bank

  • United Trust Bank has increased the rate on its five-year fixed rate cash ISA for transfers in only, now paying 4.00% upon its anniversary.
  • Savers can invest from £5,000.
  • Early access to funds or further additions is permitted.
  • The account is available to savers aged 16 and over and can be operator by branch and post.

This review by United Trust Bank sees an increase in its five-year fixed rate ISA, which is against the recent downward trend. The five-year ISA now paying 4.00% is the market leader for those looking to transfer previous years ' ISAs. As with many fixed rate products no access to funds is permitted during the term.

Compare the best savings rates

Mortgages


Yorkshire Building Society

  • Yorkshire Building Society reduced selected five-year fixed rates in its range, including the newly priced 3.04% to 31.12.17.
  • This deal is available to all borrowers who borrow from £25,001 up to a maximum of £5 million at 75% loan-to-value.
  • A fee of £995 is payable of which £195 is payable upfront.
  • This package has the added flexibility of being able to make overpayments up to a maximum of 10% of the outstanding balance and take payment holidays.

Yorkshire Building Society has reduced the popular five-year fixed rate mortgage by 0.25%, now priced at 3.04% to 31.12.17. This rate is highly competitive and is currently the market leader at 75% loan-to-value. With a reasonable fee of £995, this low priced deal is bound to be a popular choice.


Loughborough Building Society

  • Loughborough Building Society has launched a new three-year fixed rate mortgage priced at 3.49%.
  • This deal is available to all borrowers who borrow between £25,000 and £250,000 at 80% loan-to-value.
  • A £499 fee is payable.
  • This deal offers borrowers the added flexibility of being able to make overpayments up to a maximum of 10% of the outstanding balance.

The new three-year fixed rate priced at 3.49% from Loughborough Building Society is highly competitive and sits comfortably at the top of its sector at 80% loan-to-value. A low fee of £499 is payable which will help those looking to minimise any upfront costs.

Compare best mortgage rates

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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