Keep up to date with the latest money & finance news | moneyfacts.co.uk

Moneyfacts.co.uk will never contact you by phone to sell you any financial product. Any calls like this are not from Moneyfacts. Emails sent by Moneyfacts.co.uk will always be from news@moneyfacts-news.co.uk. Be Scamsmart.

news icon

News

news icon
The best residential mortgage rates 07.05.21
Derin Clark

Derin Clark

Online Reporter
Published: 07/05/2021

Mortgage rates in both the remortgage and moving home charts have remained highly competitive this week. Meanwhile, first-time buyers will be pleased to see that choice within this market continues to grow, with Virgin Money announcing it will shortly be offering deals for those with a 5% deposit under the Government’s mortgage guarantee scheme.

Below we’ve highlighted the lowest mortgage rates in the remortgage, moving-home and first-time buyer mortgage charts. Although considering rates is important when choosing a mortgage, borrowers should keep in mind that the lowest-rated deal may not be the best choice for them. Instead, they should consider a range of factors, such as incentives, product fees and flexible features, when considering mortgage deals. Borrowers who are unsure of which deal is best for them should speak to a broker who will be able to provide help and advice on choosing the best deal.

Read More
news icon
The best savings rates this week 07.05.21

Savers looking for high interest savings accounts will have to look towards the fixed rate bond chart, which offers the best UK savings rates overall this week. Savers considering a long-term fixed rate bond, however, should factor in the impact inflation may have on their deposits, especially if inflation rises as some experts predict in the coming months as we ease out of lockdown. An alternative option for savers could be a notice account, some of which offer higher rates than easy access accounts, but that also enable savers to access funds subject to a notice period being given.

Read More
news icon
The best ISA rates this week 06.05.21

Savers looking to open a new ISA will find that there has not been a lot of movement at the top of the ISA charts this week. As such, all of last week’s top rates have remained available this week. Despite this, savers are urged to act quickly to secure the top rates to avoid missing out.

Savers should note that the rates below are the best rates available at 1pm on Thursday 6 May 2021 and, although correct at the time of publishing, providers may reduce or withdraw rates at any time. As well as this, the rates highlighted are only those available to new customers, and as such there may be higher rates on ISAs available to existing customers only – to compare these ISAs, visit our ISA charts and, using the refine button, filter the results to show ISAs only available to existing customers.

Read More
news icon
Moneyfacts Weekly Product News – 06.05.21

The Moneyfacts.co.uk Pick of the Week showcases the best of the latest products or rate changes to hit the consumer finance market.

Read More
news icon
BLME issues scam warning to consumers

Bank of London and The Middle East (BLME) has warned consumers to be on alert for a scam attempt using a variation of the BLME logo and typeset, along with other company details, to sell fraudulent investments into various bonds offering rates out of line with current market rates.

The bank has taken steps to warn consumers, including updating information on its website with warnings about the scam and how consumers can protect themselves.

BLME has stated some of the ways consumers can help protect themselves from scams, including:

Protect personal information - Never give out your full online banking PIN, passcode or password. No bank would never ask you for this information.

Resist the click - Never click on links or open attachments in emails you don’t recognise or appear to have arrived totally out of the blue.

Personal device security - Make sure your antivirus software is up to date to give you more protection.

Check the email address - If you receive an email, expand the pane at the top of the message and see exactly who it has come from. If it is not from Savings@BLME.com then it is not from the BLME Savings team. If it is a scam, the email address may be compiled of random numbers or misspelt. If you don’t trust it, don’t open it.

Avoid being rushed or pressured into making a decision - If you are pushed into making a decision on the spot, be suspicious! Scammers don't want to give you time to think about it.

If it sounds too good to be true, it usually is - This is common with pension or investment scams, where the fraudster guarantees huge returns but promises low risk.

Check who you are dealing with - Avoid business opportunities from companies that you have not heard of before. If in doubt, please use the Financial Conduct Authority (FCA) Register and Warning List to check who you are dealing with.

BLME has stated it would not:

  • Send unsolicited emails requesting money or personal information.
  • Request advance funds from you to participate in a business venture.
  • Run any Lottery or Prize Draw events.
  • Request funds from you to invest without first having received an investment application form from you.

 

Read More

Recent News

news icon
FSCS warns retirees are choosing riskier pension investments

5th May 2021

With saving rates reaching historic lows over the last 12 months, research from the Financial Services Compensation Scheme (FSCS) has found that one in five (20%) retirees have considered riskier pensions and investments products as they offer a higher rate of interest

With saving rates reaching historic lows over the last 12 months, research from the Financial Services Compensation Scheme (FSCS) has found that one in five

Read More
news icon
Two-thirds of retirees risk running out of money

5th May 2021

Two-thirds (66%) of workers retiring this year are at risk of running out of money if they rely on just their personal and state pension, a new report has revealed

Two-thirds (66%) of workers retiring this year are at risk of running out of money if they rely on just their

Read More
news icon
Premium bond winners for May 2021 revealed

4th May 2021

The winners of the £1 million Premium Bond prize have been revealed, with thousands more scooping smaller prize money in this month’s draw

The winners of the £1 million Premium Bond prize have been revealed, with thousands more scooping smaller prize money in this month’s draw

Read More
news icon
Savers should consider notice accounts to get better rates

4th May 2021

Savers wanting easy access to their funds will usually turn to an easy access savings account or ISA, but those who are able are being urged to consider notices accounts to get better rates

Savers wanting easy access to their funds will usually turn to an easy access savings account or ISA

Read More

Search News

(showing 1 to 4 of 495) (showing 1 to 3 of 495) (showing 1 to 4 of 495)

Most Popular News

news icon
Two and five year mortgage rates hit historic lows

11th May 2020

Although the number of mortgage deals have almost halved since March, the average mortgage rates on two and five-year fixed deals have hit historic lows

Although the number of mortgage deals have almost halved since March, the average mortgage rates on two and five-year fixed deals have hit historic lows

Read More
news icon
What are the best ISA investment funds in April 2021?

29th April 2021

This is a summary of the best performing investment ISAs in April 2021.

This is a summary of the best performing investment ISAs in April 2021.

Read More
news icon
What are the best ISA investment funds in March 2021?

18th March 2021

What are the best ISA investment funds in March 2021?The FTSE 100 closed lower on 17 March 2021 as investors remained cautious ahead of interest rate decisions from the Bank of England and the US Central Bank. We set out how investment ISAs performed March 2021.

What are the best ISA investment funds in March 2021?The FTSE 100 closed lower on 17 March 2021 as investors remained cautious ahead of interest rate decisions from the Bank of England and the US Central Bank. We set out how investment ISAs performed March 2021.

Read More
news icon
How to borrow without paying interest

28th April 2021

Many financial experts predict that the easing of lockdown will see a spending boom among consumers looking to spend money they have saved over the last 12 months

Many financial experts predict that the easing of lockdown will see a spending boom among consumers looking to spend money they have saved over the last 12 months

Read More

Our Team of Specialists

Michelle Monck
Consumer Finance Expert
Derin Clark
Online Reporter
Rachel Thrussell
Savings Analytics Manager
Darren Cook
Mortgage Analytics Manager
Rachel Springall
Finance Expert & Press Officer
Finance Expert & Press Officer
Sarah Brooks
Sub-Editor

More Money News

Get our weekly newsletter

Weekend Moneyfacts is available free by email to all Moneyfacts.co.uk users.

Send me Weekend Moneyfacts, Savers Friend, The Business Friend and selected third-party offers.

Cookies

Moneyfacts.co.uk will, like most other websites, place cookies onto your device. This includes tracking cookies.

I accept. Read our Cookie Policy