Moneyfacts Weekly Product News - 07/09/2017 | Product News | moneyfacts.co.uk

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Moneyfacts Weekly Product News - 07/09/2017

Moneyfacts Weekly Product News - 07/09/2017

Category: Articles
Date: 07/09/2017

The Moneyfacts Weekly Product News is a round-up of the latest products or rate changes to hit the consumer finance market over the past seven days. The deals are available right now, but may be subject to change.

Savings

Kent Reliance

Kent Reliance has increased the rate on its one-year fixed rate bond, which now pays 1.76% on maturity or 1.75% monthly. Savers must invest at least £1,000 up to a maximum of £1 million. Further additions are not allowed, but earlier access is permitted subject to 180 days' loss of interest. This deal can be opened and operated online by savers aged 18 and over, but is also available to younger savers when opened and operated in branch, by post or over the phone.

The improvement to the one-year fixed rate bond from Kent Reliance will delight savers looking for a simple fixed account over the short-term. At 1.76%, the bond now sits in the moneyfacts.co.uk Best Buys, with the option to access funds early only adding to its appeal, making it easily worthy of its 'excellent' Moneyfacts rating.


United Trust Bank

United Trust Bank has improved the rate on its 100 Day Notice account, which now pays 1.25% yearly. Savers can invest from £500 up to £500,000. Earlier access is not permitted. This deal is for savers aged 18 and over and must be opened online, after which it can be managed by branch or post.

Those savers who want to avoid locking their cash away over the longer-term may find this latest deal from United Trust Bank tempting. While access always requires 100 days' notice, it may appeal to those who want to refrain from dipping into their savings on a regular basis.


Mortgages

Leeds Building Society

Leeds Building Society has launched a new two-year fixed rate mortgage, which is now priced at 2.39% to 30.11.19. This deal is for all applicants who wish to borrow up to £400,000 at 90% loan-to-value. A fee of £999 is payable, all of which can be added to the advance of the mortgage. An incentive package of free valuation (up to £999) is available. This deal allows overpayments of up to 10% of the outstanding balance.

Borrowers who have stumped up a 10% deposit and are searching for a mortgage with a decent package will be delighted by this latest launch from Leeds Building Society. At 2.39%, it boasts an incentive of free valuation and offers borrowers the choice to add the £999 product fee to the mortgage, further enhancing its appeal.

Leeds Building Society's lending area includes Scotland.

Nationwide Building Society

Nationwide Building Society has reduced the rate on its two-year fixed rate mortgage, which is now priced at 1.64%. This deal is for all applicants who wish to borrow between £25,000 and £2 million at 75% loan-to-value. No product fee is payable and an incentive package of free valuation for all borrowers and £500 cashback for first-time buyers and those remortgaging is available. This deal allows overpayments of up to 10% of the mortgage advance.

The 1.64% two-year fixed rate deal from Nationwide Building Society is likely to turn the heads of borrowers searching for a competitive rate from a familiar brand. Those looking to save on upfront costs will be impressed with the deal's incentive package and lack of product fee.

Nationwide Building Society's lending area includes Scotland.

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.

 

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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